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

Persimmon Plc (LON:PSN) has been assigned an average recommendation of “Moderate Buy” from the ten analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is GBX 2,564.30.

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,350 price objective on shares of Persimmon in a report on Friday, August 7th. JPMorgan Chase & Co. reduced their target price on shares of Persimmon from GBX 1,800 to GBX 1,430 and set an “overweight” rating on the stock in a report on Tuesday, June 16th. Citigroup reduced their target price on shares of Persimmon from £161.50 to £128 and set a “buy” rating on the stock in a report on Tuesday, June 23rd. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,590 price target on shares of Persimmon in a research report on Monday, September 28th. Finally, Deutsche Bank Aktiengesellschaft dropped 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 research note on Friday, August 7th.

Persimmon Trading Up 1.2%

LON PSN opened at GBX 1,220.50 on Friday. The company has a quick ratio of 1.04, a current ratio of 4.21 and a debt-to-equity ratio of 8.08. Persimmon has a twelve month low of GBX 947.40 and a twelve month high of GBX 1,552. The company has a market cap of £3.92 billion, a price-to-earnings ratio of 12.96, a price-to-earnings-growth ratio of 0.83 and a beta of 1.40. The business’s fifty day moving average is GBX 1,171.06 and its 200 day moving average is GBX 1,115.93.

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

Insider Transactions at Persimmon

In related news, insider Andrew Duxbury sold 26,105 shares of the firm’s stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of GBX 1,320, for a total transaction of £344,586. 2.64% of the stock is currently 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.