JPMorgan Chase & Co. Issues Pessimistic Forecast for Persimmon (LON:PSN) Stock Price

Persimmon (LON:PSN) had its price target lowered by equities research analysts at JPMorgan Chase & Co. from GBX 1,640 ($20.91) to GBX 1,520 ($19.38) in a research note issued to investors on Thursday, Marketbeat reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 18.06% from the stock’s previous close.

Persimmon Stock Up 0.9 %

PSN opened at GBX 1,287.50 ($16.41) on Thursday. Persimmon has a one year low of GBX 1,204.50 ($15.36) and a one year high of GBX 1,721.80 ($21.95). The company has a market cap of £4.12 billion, a price-to-earnings ratio of 1,609.38, a PEG ratio of 0.83 and a beta of 1.37. The business’s fifty day moving average is GBX 1,460.54 and its two-hundred day moving average is GBX 1,502.18. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.04 and a current ratio of 4.09.

Insider Activity at Persimmon

In related news, insider Andrew Duxbury sold 5,955 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of GBX 1,663 ($21.20), for a total value of £99,031.65 ($126,251.47). 3.01% of the stock is owned by corporate insiders.

About Persimmon

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.