Persimmon (LON:PSN) Rating Reiterated by Goldman Sachs Group

Persimmon (LON:PSN)‘s stock had its “buy” rating restated by research analysts at Goldman Sachs Group in a report issued on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other brokerages also recently issued reports on PSN. Peel Hunt reiterated a “hold” rating on shares of Persimmon in a research report on Monday, July 29th. UBS Group reiterated a “buy” rating and set a GBX 2,620 ($34.23) price target (down previously from GBX 2,650 ($34.63)) on shares of Persimmon in a research report on Thursday, July 4th. Liberum Capital reiterated a “buy” rating on shares of Persimmon in a research report on Monday, July 15th. Canaccord Genuity reiterated a “buy” rating and set a GBX 2,720 ($35.54) price target on shares of Persimmon in a research report on Thursday, July 4th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Persimmon in a research report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 2,620.91 ($34.25).

PSN stock opened at GBX 1,860 ($24.30) on Tuesday. The stock has a market cap of $5.92 billion and a price-to-earnings ratio of 6.62. Persimmon has a twelve month low of GBX 1,825.50 ($23.85) and a twelve month high of GBX 2,505 ($32.73). The firm’s 50-day moving average is GBX 1,965.07.

In other Persimmon news, insider Rachel Kentleton purchased 658 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was purchased at an average price of GBX 2,041 ($26.67) per share, for a total transaction of £13,429.78 ($17,548.39).

Persimmon Company Profile

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers apartments and family homes under the Persimmon Homes brand name; executive housing under the Charles Church brand; and social housing under the Westbury Partnerships brand name. It also provides broadband services.

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Analyst Recommendations for Persimmon (LON:PSN)

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