Jefferies Financial Group Cuts Persimmon (LON:PSN) Price Target to GBX 1,790

Key Points

• Jefferies Financial Group has revised Persimmon's price target down from GBX 1,801 to GBX 1,790, while maintaining a "buy" rating, suggesting a potential upside of 55.66% from its current price.
• Other analysts, including Citigroup and Berenberg Bank, have also adjusted their target prices for Persimmon, indicating varying expectations for the stock's future performance.
• Persimmon's stock was valued at GBX 1,149.92 at the time of the report, with a market capitalization of £3.68 billion.

Persimmon (LON:PSN - Get Free Report) had its target price cut by research analysts at Jefferies Financial Group from GBX 1,801 to GBX 1,790 in a research note issued on Tuesday,Digital Look reports. The firm currently has a "buy" rating on the stock. Jefferies Financial Group's price target would suggest a potential upside of 55.66% from the company's current price.

A number of other analysts also recently commented on the company. Citigroup lowered their target price on Persimmon from GBX 1,573 to GBX 1,530 and set a "buy" rating on the stock in a research note on Thursday, August 14th. Berenberg Bank restated a "hold" rating and issued a GBX 1,300 target price on shares of Persimmon in a research note on Tuesday, September 9th. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a GBX 1,375 target price on shares of Persimmon in a research note on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Persimmon currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 1,503.

Persimmon Stock Down 0.1%

Persimmon stock opened at GBX 1,149.92 on Tuesday. The company has a debt-to-equity ratio of 4.91, a quick ratio of 1.04 and a current ratio of 4.09. The business's 50-day simple moving average is GBX 1,115.43 and its two-hundred day simple moving average is GBX 1,211.15. The company has a market cap of £3.68 billion, a PE ratio of 1,450.09, a PEG ratio of 0.83 and a beta of 1.37. Persimmon has a fifty-two week low of GBX 1,030.50 and a fifty-two week high of GBX 1,721.80.

Persimmon (LON:PSN - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The company reported GBX 36.80 earnings per share for the quarter. Persimmon had a return on equity of 7.51% and a net margin of 8.84%. Equities analysts anticipate that Persimmon will post 98.2810615 EPS for the current year.

Insider Transactions at Persimmon

In other Persimmon news, insider Andrew Duxbury sold 7,132 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of GBX 1,133, for a total transaction of £80,805.56. Corporate insiders own 2.63% of the company's stock.

Persimmon Company Profile

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.

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