4. QUALITY EDUCATION

Persimmon’s (PSN) “Overweight” Rating Reaffirmed at JPMorgan Chase & Co. – MarketBeat

Written by Amanda

Persimmon’s (PSN) “Overweight” Rating Reaffirmed at JPMorgan Chase & Co.  MarketBeat

Persimmon (LON:PSNGet Rating)‘s stock had its “overweight” rating restated by investment analysts at JPMorgan Chase & Co. in a research note issued on Wednesday, Marketbeat Ratings reports.

A number of other equities research analysts have also commented on PSN. Berenberg Bank lowered Persimmon to a “hold” rating and decreased their price target for the stock from GBX 3,440 ($41.57) to GBX 1,700 ($20.54) in a research report on Monday, September 12th. Citigroup restated a “neutral” rating and set a GBX 1,930 ($23.32) price target on shares of Persimmon in a research report on Friday, July 8th. Finally, Liberum Capital reiterated a “buy” rating and issued a GBX 2,630 ($31.78) price objective on shares of Persimmon in a research report on Wednesday, May 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of GBX 2,448.14 ($29.58).

Persimmon Price Performance

LON PSN traded up GBX 44.36 ($0.54) during trading hours on Wednesday, reaching GBX 1,381.36 ($16.69). 1,918,800 shares of the company’s stock were exchanged, compared to its average volume of 1,169,776. The stock has a market cap of £4.41 billion and a PE ratio of 616.68. Persimmon has a one year low of GBX 1,320.50 ($15.96) and a one year high of GBX 2,930 ($35.40). The firm has a fifty day moving average of GBX 1,673.63 and a 200-day moving average of GBX 1,957.57. The company has a current ratio of 4.66, a quick ratio of 1.04 and a debt-to-equity ratio of 0.27.

About Persimmon

(Get Rating)

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; executive housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services.

Further Reading

Analyst Recommendations for Persimmon (LON:PSN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Persimmon, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Persimmon wasn’t on the list.

While Persimmon currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Source: marketbeat.com

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

Leave a Comment