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

Persimmon Plc (LON:PSN) has received a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 2,606.

Several research analysts have recently commented on the company. JPMorgan Chase & Co. reduced their target price on Persimmon from GBX 1,800 to GBX 1,430 and set an “overweight” rating for the company in a research note on Tuesday, June 16th. Bank of America dropped their price target on Persimmon from GBX 1,600 to GBX 1,300 and set a “buy” rating on the stock in a research note on Monday, March 30th. Citigroup cut their price target on Persimmon from £161.50 to £128 and set a “buy” rating for the company in a report on Tuesday, June 23rd. Panmure Gordon reaffirmed a “buy” rating and set a GBX 1,694 price target on shares of Persimmon in a report on Friday, May 1st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,591 price objective on shares of Persimmon in a research report on Thursday, April 30th.

Persimmon Price Performance

Shares of LON PSN opened at GBX 1,059.25 on Tuesday. 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 business’s 50 day moving average price is GBX 1,065.14 and its two-hundred day moving average price is GBX 1,210.97. The company has a market cap of £3.40 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 0.83 and a beta of 1.39. Persimmon has a twelve month low of GBX 947.40 and a twelve month high of GBX 1,552.

Insider Activity

In other news, insider Dean K. Finch sold 60,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of GBX 1,119, for a total transaction of £671,400. Corporate 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.