Persimmon Plc (LON:PSN) Receives GBX 1,513 Consensus PT from Brokerages

Shares of Persimmon Plc (LON:PSN) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,513.

Several equities analysts have recently weighed in on PSN shares. JPMorgan Chase & Co. upped their price objective on shares of Persimmon from GBX 1,520 to GBX 1,800 and gave the company an “overweight” rating in a report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft lowered Persimmon to a “hold” rating and set a GBX 1,419 target price for the company. in a research report on Thursday, January 15th. Peel Hunt reiterated a “buy” rating and issued a GBX 1,330 price target on shares of Persimmon in a report on Thursday, November 13th. Jefferies Financial Group raised their price objective on Persimmon from GBX 1,815 to GBX 1,819 and gave the company a “buy” rating in a research note on Monday, January 19th. Finally, Citigroup boosted their price objective on Persimmon from GBX 1,613 to GBX 1,615 and gave the company a “buy” rating in a report on Wednesday, January 14th.

Persimmon Stock Performance

LON:PSN opened at GBX 1,406 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 4.09 and a debt-to-equity ratio of 4.91. Persimmon has a twelve month low of GBX 1,030.50 and a twelve month high of GBX 1,459. The company has a fifty day moving average of GBX 1,357.38 and a 200-day moving average of GBX 1,226.67. The firm has a market capitalization of £4.51 billion, a P/E ratio of 17.73, a P/E/G ratio of 0.83 and a beta of 1.37.

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.