Persimmon (LON:PSN) Given “Outperform” Rating at Royal Bank Of Canada

Royal Bank Of Canada reiterated their outperform rating on shares of Persimmon (LON:PSN) in a research note issued to investors on Friday, Marketbeat.com reports. Royal Bank Of Canada currently has a GBX 1,350 price target on the stock.

A number of other analysts also recently weighed in on the stock. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 1,694 target price on shares of Persimmon in a research report on Friday, May 1st. JPMorgan Chase & Co. dropped their price objective 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. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,591 target price on shares of Persimmon in a research note on Thursday, April 30th. Finally, Citigroup lowered their target price on shares of Persimmon from £161.50 to £128 and set a “buy” rating for the company in a report on Tuesday, June 23rd. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Persimmon has an average rating of “Moderate Buy” and a consensus price target of GBX 2,566.

Persimmon Trading Up 1.0%

LON PSN opened at GBX 1,166.50 on Friday. The firm has a market capitalization of £3.75 billion, a PE ratio of 13.23, a P/E/G ratio of 0.83 and a beta of 1.39. The stock’s 50 day moving average is GBX 1,075.49 and its 200 day moving average is GBX 1,186.37. 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 3.99 and a debt-to-equity ratio of 0.46.

Persimmon (LON:PSN) last posted its quarterly earnings data on Thursday, August 6th. The company reported GBX 38 earnings per share (EPS) for the quarter. Persimmon had a return on equity of 8.05% and a net margin of 7.62%. Research analysts forecast that Persimmon will post 98.2810615 earnings per share for the current fiscal year.

Insider Transactions at Persimmon

In related news, insider Dean K. Finch sold 60,000 shares of the company’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. 2.63% of the stock is currently owned by 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.