JPMorgan Chase & Co. Reiterates Overweight Rating for Persimmon (LON:PSN)

Persimmon (LON:PSN)‘s stock had its “overweight” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday, MarketBeat.com reports.

Persimmon Trading Up 2.9 %

Persimmon stock opened at GBX 1,473.50 ($18.64) on Friday. The stock has a market cap of £4.71 billion, a P/E ratio of 1,863.69, a PEG ratio of -1.74 and a beta of 1.34. Persimmon has a fifty-two week low of GBX 925 ($11.70) and a fifty-two week high of GBX 1,506 ($19.05). The firm’s fifty day moving average price is GBX 1,412.36 and its 200-day moving average price is GBX 1,383.75. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.04 and a current ratio of 4.54.

Insider Activity

In related news, insider Andrew Duxbury bought 3,462 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were acquired at an average cost of GBX 1,430 ($18.09) per share, with a total value of £49,506.60 ($62,619.02). Corporate insiders own 3.06% of the company’s stock.

Persimmon Company Profile

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.