Persimmon’s (PSN) “Overweight” Rating Reaffirmed at JPMorgan Chase & Co.

Persimmon (LON:PSN)‘s stock had its “overweight” rating reiterated by research analysts at JPMorgan Chase & Co. in a note issued to investors on Monday. They currently have a GBX 2,950 ($40.01) price objective on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 11.57% from the stock’s current price.

A number of other analysts also recently issued reports on PSN. Bank of America reaffirmed an “underperform” rating and issued a GBX 2,230 ($30.24) target price on shares of Persimmon in a research note on Tuesday, September 12th. Peel Hunt reiterated a “hold” rating and set a GBX 2,720 ($36.89) price target on shares of Persimmon in a report on Wednesday, September 27th. Liberum Capital reiterated a “hold” rating and set a GBX 2,382 ($32.30) price target on shares of Persimmon in a report on Monday, October 2nd. Barclays cut Persimmon to an “underweight” rating and increased their price target for the stock from GBX 2,566 ($34.80) to GBX 2,711 ($36.76) in a report on Monday, October 30th. Finally, Citigroup reiterated a “neutral” rating and set a GBX 2,860 ($38.78) price target on shares of Persimmon in a report on Wednesday, November 1st. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 2,577 ($34.95).

Shares of Persimmon (LON:PSN) opened at GBX 2,644 ($35.86) on Monday. Persimmon has a 52 week low of GBX 1,884 ($25.55) and a 52 week high of GBX 2,901 ($39.34). The stock has a market capitalization of $8,160.00 and a price-to-earnings ratio of 1,185.65.

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About Persimmon

Persimmon Plc is a United Kingdom-based holding company. The Company is engaged in house building within the United Kingdom. The Company trades under the brand names of Persimmon Homes, Charles Church, Westbury Partnerships and Space4. The Company offers a range of homes from studio apartments to family homes in approximately 400 locations under Persimmon Homes brand.

Analyst Recommendations for Persimmon (LON:PSN)

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