Persimmon Plc (LON:PSN) Receives Average Rating of “Moderate Buy” from Brokerages

Persimmon Plc (LON:PSN) has earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 1,513.

A number of analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on Persimmon from GBX 1,520 to GBX 1,800 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Citigroup lifted their price objective on Persimmon from GBX 1,613 to GBX 1,615 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Jefferies Financial Group increased their target price on Persimmon from GBX 1,815 to GBX 1,819 and gave the stock a “buy” rating in a research note on Monday, January 19th. The Goldman Sachs Group initiated coverage on Persimmon in a report on Monday, November 24th. They set a “buy” rating and a GBX 1,446 price target for the company. Finally, Deutsche Bank Aktiengesellschaft cut shares of Persimmon to a “hold” rating and set a GBX 1,419 price target on the stock. in a research note on Thursday, January 15th.

Persimmon Price Performance

Shares of PSN opened at GBX 1,506 on Friday. The stock has a market cap of £4.83 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The company has a debt-to-equity ratio of 4.91, a quick ratio of 1.04 and a current ratio of 4.09. Persimmon has a fifty-two week low of GBX 1,030.50 and a fifty-two week high of GBX 1,552. The firm’s 50-day simple moving average is GBX 1,426.53 and its two-hundred day simple moving average is GBX 1,272.05.

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.