Persimmon (LON:PSN) Rating Reiterated by UBS Group

UBS Group reissued their buy rating on shares of Persimmon (LON:PSN) in a research note published on Thursday, September 19th, ThisIsMoney.Co.Uk reports.

PSN has been the subject of a number of other reports. Jefferies Financial Group reiterated a hold rating on shares of Persimmon in a research report on Tuesday, June 25th. Deutsche Bank initiated coverage on Persimmon in a research report on Wednesday, September 4th. They issued a buy rating and a GBX 2,386 ($31.18) price target for the company. Peel Hunt restated a hold rating on shares of Persimmon in a research report on Monday, August 19th. Berenberg Bank restated a buy rating and issued a GBX 2,490 ($32.54) price target on shares of Persimmon in a research report on Thursday, August 29th. Finally, Shore Capital restated a hold rating on shares of Persimmon in a research report on Tuesday, August 20th. 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 stock. The company has a consensus rating of Buy and an average price target of GBX 2,538.42 ($33.17).

Shares of LON PSN traded up GBX 224 ($2.93) during midday trading on Thursday, reaching GBX 2,287 ($29.88). 4,878,724 shares of the stock traded hands, compared to its average volume of 1,520,000. 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 has a market capitalization of $7.28 billion and a PE ratio of 8.24. Persimmon has a one year low of GBX 1,444.50 ($18.87) and a one year high of GBX 2,490 ($32.54). The company’s 50 day moving average is GBX 2,014.73 and its 200 day moving average is GBX 2,054.05.

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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