Persimmon (LON:PSN) Hits New 12-Month High at $2,534.00

Persimmon plc (LON:PSN)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 2,534 ($33.11) and last traded at GBX 2,474 ($32.33), with a volume of 1353613 shares trading hands. The stock had previously closed at GBX 2,512 ($32.82).

A number of equities research analysts recently issued reports on PSN shares. Bank of America upped their price target on shares of Persimmon from GBX 2,420 ($31.62) to GBX 2,750 ($35.93) and gave the company a “buy” rating in a research note on Thursday, October 24th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,490 ($32.54) price target on shares of Persimmon in a research note on Thursday, August 29th. Peel Hunt reaffirmed a “hold” rating and set a GBX 2,025 ($26.46) price target on shares of Persimmon in a research note on Thursday, November 7th. Liberum Capital reaffirmed a “buy” rating on shares of Persimmon in a research note on Thursday, November 7th. Finally, Jefferies Financial Group upped their price target on shares of Persimmon from GBX 2,438 ($31.86) to GBX 2,698 ($35.25) and gave the company a “buy” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. Persimmon presently has a consensus rating of “Buy” and a consensus price target of GBX 2,533.58 ($33.11).

The company has a market cap of $7.83 billion and a PE ratio of 8.84. The stock’s 50 day moving average is GBX 2,307.60 and its 200-day moving average is GBX 2,078.66. The company has a quick ratio of 0.68, a current ratio of 2.85 and a debt-to-equity ratio of 0.32.

In other news, insider David Jenkinson sold 193,210 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of GBX 2,380 ($31.10), for a total value of £4,598,398 ($6,008,621.46).

Persimmon Company Profile (LON:PSN)

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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