Persimmon (LON:PSN) Stock Rating Reaffirmed as “Buy” by Jefferies Financial Group

Persimmon (LON:PSN)‘s stock had its “buy” rating restated by Jefferies Financial Group in a report released on Monday, MarketBeat.com reports. They currently have a GBX 1,590 target price on the stock. Jefferies Financial Group’s price objective points to a potential upside of 24.36% from the stock’s previous close.

Several other brokerages also recently commented on PSN. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,350 price objective on shares of Persimmon in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reduced their target price on Persimmon from GBX 1,419 to GBX 1,403 and set a “buy” rating on the stock in a report on Friday, August 7th. JPMorgan Chase & Co. decreased their price target on Persimmon from GBX 1,800 to GBX 1,430 and set an “overweight” rating on the stock in a research note on Tuesday, June 16th. Finally, Citigroup lowered their price target on Persimmon from £161.50 to £128 and set a “buy” rating for the company in a report on Tuesday, June 23rd. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 2,564.30.

Persimmon Price Performance

PSN stock opened at GBX 1,278.50 on Monday. The company has a quick ratio of 1.04, a current ratio of 4.21 and a debt-to-equity ratio of 8.08. Persimmon has a 12 month low of GBX 947.40 and a 12 month high of GBX 1,552. The firm has a market cap of £4.11 billion, a P/E ratio of 13.57, a P/E/G ratio of 0.83 and a beta of 1.40. The company’s 50-day moving average price is GBX 1,155.99 and its two-hundred day moving average price is GBX 1,113.35.

Persimmon (LON:PSN) last issued its earnings results on Thursday, August 6th. The company reported GBX 38 EPS for the quarter. Persimmon had a net margin of 7.68% and a return on equity of 8.45%. On average, analysts anticipate that Persimmon will post 98.2810615 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Andrew Duxbury sold 26,105 shares of Persimmon stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of GBX 1,320, for a total transaction of £344,586. Company insiders own 2.62% 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. Further, it offers concrete bricks and roof tile. Persimmon Plc was founded in 1972 and is headquartered in York, the United Kingdom.