Persimmon Plc (LON:PSN) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Persimmon Plc (LON:PSN) have earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is GBX 1,556.50.

A number of brokerages have recently issued reports on PSN. JPMorgan Chase & Co. raised their target price on shares of Persimmon from GBX 1,520 to GBX 1,800 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Jefferies Financial Group decreased their price target on shares of Persimmon from GBX 1,819 to GBX 1,792 and set a “buy” rating for the company in a research note on Wednesday, March 11th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 1,750 price objective on shares of Persimmon in a research report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft cut shares of Persimmon to a “hold” rating and set a GBX 1,419 target price for the company. in a report on Thursday, January 15th. Finally, Citigroup increased their target price on shares of Persimmon from GBX 1,613 to GBX 1,615 and gave the stock a “buy” rating in a research note on Wednesday, January 14th.

Persimmon Stock Up 1.8%

Shares of LON PSN opened at GBX 1,124 on Wednesday. The business has a 50-day moving average price of GBX 1,386.88 and a 200 day moving average price of GBX 1,292.02. The stock has a market cap of £3.60 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 0.83 and a beta of 1.32. The company has a quick ratio of 1.04, a current ratio of 3.99 and a debt-to-equity ratio of 0.46. Persimmon has a 52-week low of GBX 1,030.50 and a 52-week high of GBX 1,552.

Persimmon (LON:PSN) last released its quarterly earnings results on Tuesday, March 10th. The company reported GBX 100.70 EPS 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 earnings per share for the current 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.