Persimmon Plc (LON:PSN) Stock Has Average Target Price of GBX 2,564.30 According to Analysts

Persimmon Plc (LON:PSN) has received a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the company, Marketbeat reports. One equities 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 analysts have recently commented on PSN shares. Deutsche Bank Aktiengesellschaft cut their price objective on Persimmon from GBX 1,419 to GBX 1,403 and set a “buy” rating for the company in a research report on Friday, August 7th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,590 price target on shares of Persimmon in a research note on Wednesday, October 21st. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 1,350 price target on shares of Persimmon in a research report on Friday, August 7th.

Insiders Place Their Bets

In other Persimmon news, insider Andrew Duxbury sold 26,105 shares of the stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of GBX 1,320, for a total value of £344,586. Corporate insiders own 2.64% of the company’s stock.

Persimmon Trading Up 1.2%

LON:PSN opened at GBX 1,318 on Thursday. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.04 and a current ratio of 4.21. The firm has a market cap of £4.23 billion, a P/E ratio of 13.99, a P/E/G ratio of 0.83 and a beta of 1.40. The firm has a 50-day simple moving average of GBX 1,210.13 and a 200-day simple moving average of GBX 1,191.69. Persimmon has a one year low of GBX 947.40 and a one year high of GBX 1,552.

Persimmon (LON:PSN) last announced its quarterly earnings data 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%. Equities analysts anticipate that Persimmon will post 98.28 EPS 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.