Jefferies Financial Group Reaffirms “Hold” Rating for Persimmon (LON:PSN)

Persimmon (LON:PSN)‘s stock had its “hold” rating reiterated by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Tuesday, June 25th, ThisIsMoney.Co.Uk reports.

A number of other research analysts have also recently weighed in on PSN. UBS Group set a €86.00 ($100.00) target price on Beiersdorf and gave the company a “sell” rating in a report on Tuesday, May 14th. Goldman Sachs Group set a $13.00 target price on Ford Motor and gave the company a “buy” rating in a report on Thursday, June 13th. HSBC reiterated a “buy” rating on shares of LVMH Moet Hennessy Louis Vuitton in a report on Tuesday, March 26th. Barclays lifted their target price on General Electric from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Finally, JPMorgan Chase & Co. set a $45.00 target price on Ciena and gave the company a “buy” rating in a report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of GBX 2,617.08 ($34.20).

Shares of PSN stock traded up GBX 22 ($0.29) during mid-day trading on Tuesday, hitting GBX 1,950.50 ($25.49). 1,360,000 shares of the company’s stock were exchanged, compared to its average volume of 1,520,000. Persimmon has a fifty-two week low of GBX 1,825.50 ($23.85) and a fifty-two week high of GBX 2,523 ($32.97). The stock has a market capitalization of $6.21 billion and a PE ratio of 6.95. The company has a 50-day simple moving average of GBX 1,965.23.

In related news, insider Rachel Kentleton acquired 658 shares of the business’s stock in a transaction on Monday, June 10th. The shares were bought at an average cost of GBX 2,041 ($26.67) per share, with a total value of £13,429.78 ($17,548.39).

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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