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

Persimmon Plc (LON:PSN) has been assigned an average rating of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 1,556.50.

Several analysts recently commented on PSN shares. The Goldman Sachs Group started coverage on shares of Persimmon in a research report on Monday, November 24th. They issued a “buy” rating and a GBX 1,446 price target for the company. JPMorgan Chase & Co. raised their price target on Persimmon from GBX 1,520 to GBX 1,800 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 1,750 price objective on shares of Persimmon in a research note on Wednesday, March 11th. Berenberg Bank reiterated a “hold” rating and issued a GBX 1,300 target price on shares of Persimmon in a research note on Wednesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft lowered Persimmon to a “hold” rating and set a GBX 1,419 target price on the stock. in a report on Thursday, January 15th.

Persimmon Stock Up 1.6%

PSN opened at GBX 1,220.50 on Wednesday. Persimmon has a one year low of GBX 1,030.50 and a one year high of GBX 1,552. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 3.99. The stock has a market capitalization of £3.91 billion, a P/E ratio of 15.39, a price-to-earnings-growth ratio of 0.83 and a beta of 1.32. The business’s 50-day simple moving average is GBX 1,411.75 and its 200-day simple moving average is GBX 1,289.52.

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