Persimmon Plc (LON:PSN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Persimmon Plc (LON:PSN) has been assigned an average rating of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 2,564.30.

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. reduced 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. Deutsche Bank Aktiengesellschaft dropped their target price on shares of 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. Jefferies Financial Group cut their price target on Persimmon from GBX 1,591 to GBX 1,590 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,350 price target on shares of Persimmon in a research report on Friday, August 7th. Finally, Citigroup decreased their price objective on Persimmon from £161.50 to £128 and set a “buy” rating for the company in a research note on Tuesday, June 23rd.

Persimmon Stock Performance

Persimmon stock opened at GBX 1,126 on Wednesday. The company has a market cap of £3.62 billion, a PE ratio of 11.95, a PEG ratio of 0.83 and a beta of 1.40. The company has a current ratio of 4.21, a quick ratio of 1.04 and a debt-to-equity ratio of 8.08. Persimmon has a 1 year low of GBX 947.40 and a 1 year high of GBX 1,552. The company’s 50-day moving average is GBX 1,118.40 and its two-hundred day moving average is GBX 1,139.45.

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

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.