Persimmon (LON:PSN) Reaches New 1-Year High – Still a Buy?

Persimmon Plc (LON:PSN) shares hit a new 52-week high during trading on Thursday . The company traded as high as GBX 1,459 and last traded at GBX 1,456, with a volume of 1732897 shares traded. The stock had previously closed at GBX 1,449.50.

Analyst Ratings Changes

PSN has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut Persimmon to a “hold” rating and set a GBX 1,419 price objective for the company. in a research note on Thursday, January 15th. Peel Hunt restated a “buy” rating and set a GBX 1,330 price target on shares of Persimmon in a report on Thursday, November 13th. The Goldman Sachs Group started coverage on shares of Persimmon in a research note on Monday, November 24th. They issued a “buy” rating and a GBX 1,446 price target on the stock. Jefferies Financial Group increased their price objective on shares of Persimmon from GBX 1,815 to GBX 1,819 and gave the company a “buy” rating in a research report on Monday, January 19th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Persimmon from GBX 1,520 to GBX 1,800 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,513.

Persimmon Price Performance

The firm has a 50-day moving average of GBX 1,349.63 and a 200 day moving average of GBX 1,223.55. The company has a market capitalization of £4.64 billion, a PE ratio of 18.26, a PEG ratio of 0.83 and a beta of 1.37. The company has a debt-to-equity ratio of 4.91, a current ratio of 4.09 and a quick ratio of 1.04.

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. Further, it offers concrete bricks and roof tile. Persimmon Plc was founded in 1972 and is headquartered in York, the United Kingdom.