Liberum Capital Raises Persimmon (LON:PSN) Price Target to GBX 3,050

Persimmon (LON:PSN) had its price target lifted by Liberum Capital from GBX 2,950 ($38.81) to GBX 3,050 ($40.12) in a research report report published on Tuesday, Stock Target Advisor reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently weighed in on the company. HSBC raised Persimmon to a buy rating and upped their price target for the stock from GBX 2,750 ($36.17) to GBX 2,830 ($37.23) in a research note on Friday, November 22nd. Peel Hunt reaffirmed a hold rating and set a GBX 2,025 ($26.64) price target on shares of Persimmon in a research note on Thursday, November 7th. Jefferies Financial Group upped their price target on Persimmon from GBX 2,698 ($35.49) to GBX 2,893 ($38.06) and gave the stock a buy rating in a research note on Friday, December 13th. Berenberg Bank upped their price target on Persimmon from GBX 2,490 ($32.75) to GBX 3,110 ($40.91) and gave the stock a buy rating in a research note on Thursday, January 9th. Finally, Peel Hunt upped their price target on Persimmon from GBX 2,025 ($26.64) to GBX 2,830 ($37.23) and gave the stock a hold rating in a research note on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. Persimmon presently has a consensus rating of Buy and a consensus price target of GBX 2,818.31 ($37.07).

Shares of Persimmon stock opened at GBX 2,861.77 ($37.64) on Tuesday. Persimmon has a one year low of GBX 1,444.50 ($19.00) and a one year high of GBX 2,950 ($38.81). The company has a debt-to-equity ratio of 0.32, a current ratio of 2.85 and a quick ratio of 0.68. The stock’s 50-day moving average is GBX 2,651.92 and its 200 day moving average is GBX 2,245.87. The firm has a market cap of $9.03 billion and a price-to-earnings ratio of 10.31.

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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