Persimmon’s (PSN) Buy Rating Reaffirmed at Liberum Capital

Liberum Capital reissued their buy rating on shares of Persimmon (LON:PSN) in a report released on Thursday. The brokerage currently has a GBX 2,700 ($35.28) price target on the stock.

Other research analysts also recently issued research reports about the company. Berenberg Bank reaffirmed a hold rating and issued a GBX 2,760 ($36.06) price objective on shares of Persimmon in a research note on Wednesday, August 22nd. Canaccord Genuity decreased their target price on shares of Persimmon from GBX 2,950 ($38.55) to GBX 2,870 ($37.50) and set a buy rating for the company in a research report on Wednesday, August 22nd. Peel Hunt reissued a hold rating on shares of Persimmon in a research report on Tuesday, August 21st. Citigroup decreased their target price on shares of Persimmon from GBX 2,860 ($37.37) to GBX 2,575 ($33.65) and set a neutral rating for the company in a research report on Monday, August 13th. Finally, Deutsche Bank decreased their target price on shares of Persimmon from GBX 3,093 ($40.42) to GBX 3,053 ($39.89) and set a hold rating for the company in a research report on Thursday, August 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. Persimmon presently has a consensus rating of Hold and a consensus target price of GBX 2,764.50 ($36.12).

Persimmon stock opened at GBX 1,933 ($25.26) on Thursday. Persimmon has a 1 year low of GBX 2,046 ($26.73) and a 1 year high of GBX 2,901 ($37.91).

In other news, insider Roger Devlin bought 12,575 shares of the firm’s stock in a transaction on Thursday, October 18th. The stock was acquired at an average price of GBX 2,217 ($28.97) per share, with a total value of £278,787.75 ($364,285.57).

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; builds executive housing under the Charles Church brand; and operates off-site manufacturing plant. It also provides homes to housing associations under the Westbury Partnerships brand.

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Analyst Recommendations for Persimmon (LON:PSN)

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