Persimmon (LON:PSN - Get Free Report) was upgraded by investment analysts at Royal Bank Of Canada to a "sector perform" rating in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage presently has a GBX 1,375 ($18.69) price objective on the stock, up from their previous price objective of GBX 1,325 ($18.01). Royal Bank Of Canada's price objective would indicate a potential upside of 12.52% from the stock's previous close.
Separately, Berenberg Bank reissued a "hold" rating on shares of Persimmon in a report on Wednesday, March 12th.
View Our Latest Stock Report on PSN
Persimmon Stock Up 1.2%
Shares of PSN stock traded up GBX 14.50 ($0.20) on Wednesday, reaching GBX 1,222 ($16.61). 1,662,852 shares of the stock were exchanged, compared to its average volume of 5,394,690. Persimmon has a twelve month low of GBX 1,047 ($14.23) and a twelve month high of GBX 1,721.80 ($23.41). The company has a market capitalization of £3.93 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 0.83 and a beta of 1.37. The company has a current ratio of 4.09, a quick ratio of 1.04 and a debt-to-equity ratio of 4.91. The business's 50 day moving average price is GBX 1,327.95 and its 200 day moving average price is GBX 1,241.60.
About Persimmon
(
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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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