Persimmon (LON:PSN) Given New GBX 1,403 Price Target at Deutsche Bank Aktiengesellschaft

Persimmon (LON:PSN) had its price target cut by Deutsche Bank Aktiengesellschaft from GBX 1,419 to GBX 1,403 in a report published on Friday,Digital Look reports. They currently have a buy rating on the stock.

Other equities research analysts also recently issued reports about the stock. Panmure Gordon restated a “buy” rating and issued a GBX 1,694 price target on shares of Persimmon in a research note on Friday, May 1st. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,350 price objective on shares of Persimmon in a research report on Friday. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,591 price objective on shares of Persimmon in a research note on Thursday, April 30th. JPMorgan Chase & Co. cut their target price on shares of Persimmon from GBX 1,800 to GBX 1,430 and set an “overweight” rating on the stock in a research report on Tuesday, June 16th. Finally, Citigroup decreased their target price on shares of Persimmon from £161.50 to £128 and set a “buy” rating on the stock in a research note on Tuesday, June 23rd. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Persimmon presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,564.40.

Persimmon Price Performance

Shares of PSN stock opened at GBX 1,160 on Friday. The business has a fifty day simple moving average of GBX 1,075.49 and a 200 day simple moving average of GBX 1,184.79. The company has a market cap of £3.72 billion, a P/E ratio of 13.15, a P/E/G ratio of 0.83 and a beta of 1.39. The company has a quick ratio of 1.04, a current ratio of 3.99 and a debt-to-equity ratio of 0.46. Persimmon has a twelve month low of GBX 947.40 and a twelve month high of GBX 1,552.

Persimmon (LON:PSN) last released its earnings results on Thursday, August 6th. The company reported GBX 38 earnings per share (EPS) for the quarter. Persimmon had a return on equity of 8.05% and a net margin of 7.62%. On average, sell-side analysts forecast that Persimmon will post 98.2810615 EPS for the current fiscal year.

Insider Buying and Selling

In other Persimmon news, insider Dean K. Finch sold 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of GBX 1,119, for a total transaction of £671,400. 2.63% of the stock is currently 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. Further, it offers concrete bricks and roof tile. Persimmon Plc was founded in 1972 and is headquartered in York, the United Kingdom.