Persimmon Plc (LON:PSN) Given Consensus Rating of “Moderate Buy” by Brokerages

Persimmon Plc (LON:PSN) has earned an average recommendation of “Moderate Buy” from the ten analysts that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 1,524.50.

A number of brokerages recently weighed in on PSN. Panmure Gordon reiterated a “buy” rating and issued a GBX 1,694 price target on shares of Persimmon in a research report on Friday, May 1st. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,750 price target on shares of Persimmon in a research report on Wednesday, March 11th. Berenberg Bank reiterated a “hold” rating and issued a GBX 1,300 price target on shares of Persimmon in a research report on Wednesday, March 11th. Bank of America cut their price target on shares of 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. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,591 price target on shares of Persimmon in a research report on Thursday, April 30th.

Persimmon Stock Performance

PSN stock opened at GBX 1,107.50 on Monday. The business’s fifty day moving average is GBX 1,103.89 and its 200-day moving average is GBX 1,272.69. The company has a quick ratio of 1.04, a current ratio of 3.99 and a debt-to-equity ratio of 0.46. The company has a market cap of £3.56 billion, a P/E ratio of 12.56, a price-to-earnings-growth ratio of 0.83 and a beta of 1.39. Persimmon has a twelve month low of GBX 1,012 and a twelve month high of GBX 1,552.

Persimmon (LON:PSN) last posted its quarterly earnings results on Tuesday, March 10th. The company reported GBX 100.70 earnings per share for the quarter. Persimmon had a return on equity of 8.05% and a net margin of 7.62%. Equities research analysts forecast that Persimmon will post 98.2810615 EPS for the current year.

Insider Buying and Selling

In related news, insider Dean K. Finch sold 60,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of GBX 1,119, for a total transaction of £671,400. Insiders own 2.63% 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.