Persimmon (LON:PSN) Stock Rating Reaffirmed by Shore Capital

Shore Capital reaffirmed their hold rating on shares of Persimmon (LON:PSN) in a report issued on Tuesday, ThisIsMoney.Co.Uk reports.

Several other equities research analysts also recently issued reports on PSN. Liberum Capital reiterated a buy rating on shares of Persimmon in a report on Monday, July 15th. Jefferies Financial Group reiterated a hold rating on shares of Persimmon in a report on Tuesday, June 25th. UBS Group reiterated a buy rating on shares of Persimmon in a report on Friday, August 16th. Peel Hunt reiterated a hold rating on shares of Persimmon in a report on Monday, August 19th. Finally, Canaccord Genuity reiterated a buy rating and set a GBX 2,720 ($35.54) price target on shares of Persimmon in a report on Thursday, July 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of GBX 2,608.18 ($34.08).

Shares of Persimmon stock opened at GBX 1,909.50 ($24.95) on Tuesday. The stock has a fifty day simple moving average of GBX 1,944.42 and a 200 day simple moving average of GBX 2,127.02. Persimmon has a 12-month low of GBX 1,820 ($23.78) and a 12-month high of GBX 2,505 ($32.73). The company has a market capitalization of $6.08 billion and a P/E ratio of 6.80.

In other Persimmon news, insider Rachel Kentleton acquired 658 shares of the business’s stock in a transaction on Monday, June 10th. The shares were acquired at an average price of GBX 2,041 ($26.67) per share, with a total value of £13,429.78 ($17,548.39).

About Persimmon

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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