Persimmon’s (PSN) Buy Rating Reaffirmed at Peel Hunt

Persimmon (LON:PSN)‘s stock had its “buy” rating reaffirmed by Peel Hunt in a research note issued on Thursday,Digital Look reports. They presently have a GBX 1,330 price objective on the stock. Peel Hunt’s price target would suggest a potential upside of 5.05% from the stock’s current price.

PSN has been the topic of several other reports. Berenberg Bank reiterated a “hold” rating and set a GBX 1,300 target price on shares of Persimmon in a report on Tuesday, September 9th. Jefferies Financial Group cut their price objective on shares of Persimmon from GBX 1,801 to GBX 1,790 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 1,375 price objective on shares of Persimmon in a research note on Wednesday, August 13th. Finally, Citigroup dropped their target price on Persimmon from GBX 1,573 to GBX 1,530 and set a “buy” rating on the stock in a research report on Thursday, August 14th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Persimmon currently has an average rating of “Moderate Buy” and an average price target of GBX 1,474.17.

Persimmon Stock Up 2.7%

Shares of LON:PSN opened at GBX 1,266.03 on Thursday. The business’s 50 day moving average is GBX 1,161.84 and its 200 day moving average is GBX 1,216.15. The stock has a market cap of £4.05 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. Persimmon has a 52-week low of GBX 1,030.50 and a 52-week high of GBX 1,418. The company has a quick ratio of 1.04, a current ratio of 4.09 and a debt-to-equity ratio of 4.91.

Persimmon (LON:PSN) last issued its earnings results on Wednesday, August 13th. The company reported GBX 36.80 earnings per share for the quarter. Persimmon had a return on equity of 7.51% and a net margin of 8.84%. Sell-side analysts predict that Persimmon will post 98.2810615 EPS for the current year.

Insiders Place Their Bets

In related news, insider Andrew Duxbury sold 7,132 shares of the company’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of GBX 1,133, for a total transaction of £80,805.56. 2.63% of the stock is currently owned by company insiders.

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.