Persimmon (LON:PSN) Price Target Lowered to GBX 1,520 at JPMorgan Chase & Co.

Persimmon (LON:PSN) had its price objective lowered by JPMorgan Chase & Co. from GBX 1,640 ($20.93) to GBX 1,520 ($19.40) in a research report report published on Thursday morning, Marketbeat reports. The brokerage currently has an overweight rating on the stock.

Persimmon Stock Performance

LON PSN opened at GBX 1,282 ($16.36) on Thursday. Persimmon has a 1-year low of GBX 1,204.50 ($15.37) and a 1-year high of GBX 1,721.80 ($21.97). The company has a market capitalization of £4.10 billion, a P/E ratio of 1,595.63, a PEG ratio of 0.83 and a beta of 1.37. The business has a 50 day moving average price of GBX 1,468.42 and a 200 day moving average price of GBX 1,503.05. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.09 and a quick ratio of 1.04.

Insider Activity at Persimmon

In related news, insider Andrew Duxbury sold 5,955 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of GBX 1,663 ($21.22), for a total value of £99,031.65 ($126,364.23). 3.01% of the stock is currently owned by company 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.