Jefferies Financial Group Reaffirms Buy Rating for Persimmon (LON:PSN)

Persimmon (LON:PSN)‘s stock had its “buy” rating restated by investment analysts at Jefferies Financial Group in a research note issued on Monday, Marketbeat Ratings reports. They currently have a GBX 1,590 price target on the stock. Jefferies Financial Group’s target price suggests a potential upside of 20.91% from the company’s current price.

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

Persimmon Price Performance

Shares of LON PSN opened at GBX 1,315 on Monday. Persimmon has a 1-year low of GBX 947.40 and a 1-year high of GBX 1,552. The business has a 50-day moving average of GBX 1,155.99 and a 200-day moving average of GBX 1,113.35. The company has a debt-to-equity ratio of 8.08, a current ratio of 4.21 and a quick ratio of 1.04. The company has a market capitalization of £4.22 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 0.83 and a beta of 1.40.

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

Insider Activity

In related news, insider Andrew Duxbury sold 26,105 shares of the firm’s stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of GBX 1,320, for a total transaction of £344,586. Corporate 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.