Persimmon Plc (LON:PSN) Given Average Rating of “Moderate Buy” by Analysts

Shares of Persimmon Plc (LON:PSN) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is GBX 2,564.30.

A number of research analysts have recently weighed in on PSN shares. Deutsche Bank Aktiengesellschaft dropped 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. Jefferies Financial Group decreased their price target on Persimmon from GBX 1,591 to GBX 1,590 and set a “buy” rating for the company in a report on Wednesday, August 12th. JPMorgan Chase & Co. dropped their price objective 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. Citigroup cut their price objective on shares of Persimmon from £161.50 to £128 and set a “buy” rating on the stock in a report on Tuesday, June 23rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,350 target price on shares of Persimmon in a research note on Friday, August 7th.

Persimmon Trading Up 3.8%

PSN opened at GBX 1,140.50 on Wednesday. The company has a debt-to-equity ratio of 8.08, a current ratio of 4.21 and a quick ratio of 1.04. Persimmon has a fifty-two week low of GBX 947.40 and a fifty-two week high of GBX 1,552. The firm has a market capitalization of £3.66 billion, a PE ratio of 12.11, a P/E/G ratio of 0.83 and a beta of 1.40. The company’s 50-day moving average is GBX 1,123.15 and its 200 day moving average is GBX 1,124.45.

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

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.