Brokerages Set Persimmon Plc (LON:PSN) Price Target at GBX 1,513

Persimmon Plc (LON:PSN) has been given an average recommendation of “Moderate Buy” by the eight brokerages that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is GBX 1,513.

PSN has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft downgraded shares of Persimmon to a “hold” rating and set a GBX 1,419 price target for the company. in a report on Thursday, January 15th. Citigroup lifted 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. JPMorgan Chase & Co. increased their price target on Persimmon from GBX 1,520 to GBX 1,800 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Jefferies Financial Group raised their price objective on Persimmon from GBX 1,815 to GBX 1,819 and gave the stock a “buy” rating in a report on Monday, January 19th. Finally, The Goldman Sachs Group initiated coverage on Persimmon in a research note on Monday, November 24th. They issued a “buy” rating and a GBX 1,446 target price for the company.

Persimmon Trading Up 0.5%

Persimmon stock opened at GBX 1,432.50 on Tuesday. The stock has a 50-day moving average price of GBX 1,360.19 and a 200 day moving average price of GBX 1,228.84. Persimmon has a 52 week low of GBX 1,030.50 and a 52 week high of GBX 1,459. The stock has a market cap of £4.59 billion, a PE ratio of 18.06, a P/E/G ratio of 0.83 and a beta of 1.37. The company has a current ratio of 4.09, a quick ratio of 1.04 and a debt-to-equity ratio of 4.91.

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.