Persimmon (LON:PSN) Receives Hold Rating from Peel Hunt

Persimmon (LON:PSN)‘s stock had its “hold” rating reaffirmed by analysts at Peel Hunt in a research report issued on Tuesday, ThisIsMoney.Co.Uk reports.

Other equities analysts have also issued reports about the company. Liberum Capital reaffirmed a “buy” rating on shares of Persimmon in a report on Monday, July 15th. UBS Group reaffirmed a “buy” rating on shares of Persimmon in a report on Thursday, September 19th. Shore Capital reaffirmed a “hold” rating on shares of Persimmon in a report on Tuesday, August 20th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,490 ($32.54) target price on shares of Persimmon in a report on Thursday, August 29th. Finally, Deutsche Bank began coverage on Persimmon in a report on Wednesday, September 4th. They issued a “buy” rating and a GBX 2,386 ($31.18) target price for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of GBX 2,538.42 ($33.17).

PSN stock opened at GBX 2,288 ($29.90) on Tuesday. The firm has a market cap of $7.29 billion and a PE ratio of 8.24. The company has a quick ratio of 0.68, a current ratio of 2.85 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average of GBX 2,041.09 and a 200-day moving average of GBX 2,054.98. Persimmon has a 12-month low of GBX 1,444.50 ($18.87) and a 12-month high of GBX 2,490 ($32.54).

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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