Persimmon (LON:PSN) Given New GBX 1,430 Price Target at JPMorgan Chase & Co.

Persimmon (LON:PSN – Get Free Report) had its price target lowered by investment analysts at JPMorgan Chase & Co. from GBX 1,800 to GBX 1,430 in a research note issued to investors on Tuesday,Digital Look reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 32.71% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Panmure Gordon reissued a “buy” rating and set a GBX 1,694 price objective on shares of Persimmon in a report on Friday, May 1st. Jefferies Financial Group restated a “buy” rating and set a GBX 1,591 target price on shares of Persimmon in a research report on Thursday, April 30th. Bank of America cut their target price on shares of Persimmon from GBX 1,600 to GBX 1,300 and set a “buy” rating on the stock in a research report on Monday, March 30th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,750 target price on shares of Persimmon in a research report on Wednesday, March 11th. Finally, Berenberg Bank restated a “hold” rating and set a GBX 1,300 target price on shares of Persimmon in a research report on Wednesday, March 11th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 1,487.50.

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Persimmon Price Performance

LON:PSN traded up GBX 25 during mid-day trading on Tuesday, reaching GBX 1,077.50. 1,881,742 shares of the company were exchanged, compared to its average volume of 12,353,835. Persimmon has a 12 month low of GBX 1,012 and a 12 month high of GBX 1,552. The company has a fifty day moving average of GBX 1,092.75 and a 200 day moving average of GBX 1,257.44. The company has a quick ratio of 1.04, a current ratio of 3.99 and a debt-to-equity ratio of 0.46. The stock has a market cap of £3.46 billion, a PE ratio of 12.22, a PEG ratio of 0.83 and a beta of 1.40.

Insider Transactions at Persimmon

In other Persimmon news, insider Dean K. Finch sold 60,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of GBX 1,119, for a total transaction of £671,400. Insiders own 2.63% of the company’s stock.

Persimmon Company Profile

(Get Free Report)

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services under the FibreNest brand; and timber frame, insulated wall panels, and roof cassettes under the brand Space4. Further, it offers concrete bricks and roof tile. Persimmon Plc was founded in 1972 and is headquartered in York, the United Kingdom.

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