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

Shares of Persimmon Plc (LON:PSN) have been given an average recommendation of “Moderate Buy” by the ten analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 2,564.30.

Several research analysts have recently weighed in on the company. Jefferies Financial Group reduced their target price on Persimmon from GBX 1,591 to GBX 1,590 and set a “buy” rating for the company in a research note on Wednesday, August 12th. JPMorgan Chase & Co. dropped their price target on shares of Persimmon from GBX 1,800 to GBX 1,430 and set an “overweight” rating on the stock in a research note on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Persimmon from GBX 1,419 to GBX 1,403 and set a “buy” rating for the company in a report on Friday, August 7th. Citigroup decreased their price objective on shares of Persimmon from £161.50 to £128 and set a “buy” rating on the stock in a report on Tuesday, June 23rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,350 target price on shares of Persimmon in a research report on Friday, August 7th.

Persimmon Price Performance

Shares of Persimmon stock opened at GBX 1,151.50 on Friday. The firm has a market cap of £3.70 billion, a PE ratio of 13.06, a P/E/G ratio of 0.83 and a beta of 1.40. Persimmon has a twelve month low of GBX 947.40 and a twelve month high of GBX 1,552. The company has a quick ratio of 1.04, a current ratio of 4.21 and a debt-to-equity ratio of 8.08. The business has a 50-day moving average price of GBX 1,097.60 and a 200 day moving average price of GBX 1,168.56.

Persimmon (LON:PSN) last issued its quarterly earnings results on Thursday, August 6th. The company reported GBX 38 earnings per share (EPS) for the quarter. Persimmon had a return on equity of 8.45% and a net margin of 7.68%. Sell-side analysts predict that Persimmon will post 98.2810615 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related 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 value of £671,400. Corporate insiders own 2.63% of the company’s stock.

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.