Jefferies Financial Group Issues Pessimistic Forecast for Persimmon (LON:PSN) Stock Price

Persimmon (LON:PSNGet Free Report) had its price objective decreased by equities research analysts at Jefferies Financial Group from GBX 1,819 to GBX 1,792 in a note issued to investors on Wednesday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price target points to a potential upside of 41.27% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the company. JPMorgan Chase & Co. raised their target price on Persimmon from GBX 1,520 to GBX 1,800 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Peel Hunt reiterated a “buy” rating and set a GBX 1,330 price target on shares of Persimmon in a report on Thursday, November 13th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 1,750 price objective on shares of Persimmon in a research report on Wednesday. Deutsche Bank Aktiengesellschaft cut shares of Persimmon to a “hold” rating and set a GBX 1,419 target price on the stock. in a research report on Thursday, January 15th. Finally, Citigroup increased their target price on shares of Persimmon from GBX 1,613 to GBX 1,615 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 1,556.50.

View Our Latest Stock Report on PSN

Persimmon Trading Down 0.8%

LON:PSN traded down GBX 10.50 on Wednesday, hitting GBX 1,268.50. The stock had a trading volume of 2,500,939 shares, compared to its average volume of 7,495,383. The company has a quick ratio of 1.04, a current ratio of 3.86 and a debt-to-equity ratio of 5.39. The stock has a market cap of £4.07 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 0.83 and a beta of 1.32. The company has a fifty day moving average price of GBX 1,426.99 and a two-hundred day moving average price of GBX 1,285.38. Persimmon has a 1-year low of GBX 1,030.50 and a 1-year high of GBX 1,552.

Persimmon (LON:PSNGet Free Report) last announced its quarterly earnings results on Tuesday, March 10th. The company reported GBX 100.70 earnings per share (EPS) for the quarter. Persimmon had a net margin of 7.57% and a return on equity of 7.33%. Equities research analysts expect that Persimmon will post 98.2810615 earnings per share for the current fiscal year.

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Persimmon Company Profile

(Get Free Report)

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.

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