Analysts Set Persimmon Plc (LON:PSN) Price Target at GBX 1,524.50

Shares of Persimmon Plc (LON:PSN) have received an average rating of “Moderate Buy” from the ten analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 1,524.50.

A number of equities analysts have recently issued reports on PSN shares. Bank of America dropped their price target on Persimmon from GBX 1,600 to GBX 1,300 and set a “buy” rating on the stock in a research report on Monday, March 30th. Panmure Gordon reissued a “buy” rating and set a GBX 1,694 price target on shares of Persimmon in a research report on Friday, May 1st. Berenberg Bank reissued a “hold” rating and set a GBX 1,300 price target on shares of Persimmon in a research report on Wednesday, March 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 1,750 price objective on shares of Persimmon in a research report on Wednesday, March 11th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,591 price objective on shares of Persimmon in a research report on Thursday, April 30th.

Insiders Place Their Bets

In related news, insider Dean K. Finch sold 60,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was 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 insiders.

Persimmon Price Performance

PSN opened at GBX 1,045 on Monday. Persimmon has a 12-month low of GBX 1,012 and a 12-month high of GBX 1,552. The company has a current ratio of 3.99, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46. The business’s fifty day simple moving average is GBX 1,098.28 and its 200-day simple moving average is GBX 1,266.40. The company has a market capitalization of £3.35 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 0.83 and a beta of 1.39.

Persimmon (LON:PSN) last posted its quarterly earnings results on Tuesday, March 10th. The company reported GBX 100.70 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, equities research analysts anticipate that Persimmon will post 98.2810615 earnings per share for the current fiscal year.

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.