Persimmon Plc (LON:PSN) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Persimmon Plc (LON:PSN) has been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 2,564.30.

A number of equities research analysts recently weighed in on PSN shares. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,350 price objective on shares of Persimmon in a research report on Friday, August 7th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,590 target price on shares of Persimmon in a research report on Wednesday, October 21st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Persimmon from GBX 1,419 to GBX 1,403 and set a “buy” rating for the company in a research report on Friday, August 7th.

Persimmon Price Performance

Shares of LON:PSN opened at GBX 1,239.50 on Thursday. The company has a market cap of £3.98 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 0.83 and a beta of 1.40. The company has a debt-to-equity ratio of 8.08, a current ratio of 4.21 and a quick ratio of 1.04. The firm has a 50 day simple moving average of GBX 1,199.17 and a 200 day simple moving average of GBX 1,194.60. Persimmon has a one year low of GBX 947.40 and a one year high of GBX 1,552.

Persimmon (LON:PSN) last announced its quarterly earnings results on Thursday, August 6th. The company reported GBX 38 EPS for the quarter. Persimmon had a return on equity of 8.45% and a net margin of 7.68%. Research analysts predict that Persimmon will post 98.28 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Andrew Duxbury sold 26,105 shares of the company’s stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of GBX 1,320, for a total value of £344,586. 2.64% of the stock is owned by corporate insiders.

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.