Persimmon (LON:PSN) Given New GBX 3,000 Price Target at Canaccord Genuity

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Persimmon (LON:PSN) had its price target lifted by Canaccord Genuity from GBX 2,720 ($35.78) to GBX 3,000 ($39.46) in a report published on Tuesday, Digital Look reports. Canaccord Genuity currently has a buy rating on the stock.

PSN has been the subject of several other reports. Peel Hunt reiterated a hold rating and set a GBX 2,025 ($26.64) price target on shares of Persimmon in a research report on Thursday, November 7th. UBS Group reiterated a buy rating on shares of Persimmon in a research report on Wednesday, December 18th. Peel Hunt reiterated a hold rating on shares of Persimmon in a research report on Tuesday. Liberum Capital lifted their price target on Persimmon from GBX 2,800 ($36.83) to GBX 2,950 ($38.81) and gave the company a buy rating in a research report on Thursday, December 5th. Finally, Jefferies Financial Group lifted their price target on Persimmon from GBX 2,698 ($35.49) to GBX 2,893 ($38.06) and gave the company a buy rating in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of Buy and an average target price of GBX 2,632.15 ($34.62).

Shares of PSN stock opened at GBX 2,706 ($35.60) on Tuesday. The stock has a 50 day moving average of GBX 2,625.24 and a 200 day moving average of GBX 2,221.16. The company has a current ratio of 2.85, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. The stock has a market cap of $8.66 billion and a P/E ratio of 9.75. Persimmon has a twelve month low of GBX 1,444.50 ($19.00) and a twelve month high of GBX 2,950 ($38.81).

In other news, insider David Jenkinson sold 193,210 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of GBX 2,380 ($31.31), for a total value of £4,598,398 ($6,048,931.86).

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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