Persimmon Plc (LON:PSN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Persimmon Plc (LON:PSN) have been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 1,524.50.

A number of research firms have weighed in on PSN. Deutsche Bank Aktiengesellschaft lowered shares of Persimmon to a “hold” rating and set a GBX 1,419 price objective on the stock. in a research note on Thursday, January 15th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 1,300 price objective on shares of Persimmon in a research note on Wednesday, March 11th. Bank of America dropped their price objective on shares of Persimmon from GBX 1,600 to GBX 1,300 and set a “buy” rating on the stock in a research note on Monday, March 30th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,591 target price on shares of Persimmon in a report on Thursday, April 30th. Finally, Panmure Gordon reiterated a “buy” rating and issued a GBX 1,694 target price on shares of Persimmon in a report on Friday, May 1st.

Persimmon Stock Down 1.0%

Persimmon stock opened at GBX 1,092 on Thursday. Persimmon has a 1-year low of GBX 1,027 and a 1-year high of GBX 1,552. The firm has a market capitalization of £3.51 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 0.83 and a beta of 1.39. The firm’s fifty day moving average price is GBX 1,164.58 and its two-hundred day moving average price is GBX 1,287.44. The company has a current ratio of 3.99, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46.

Persimmon (LON:PSN) last released its quarterly earnings data on Tuesday, March 10th. The company reported GBX 100.70 earnings per share for the quarter. Persimmon had a net margin of 7.62% and a return on equity of 8.05%. On average, equities research analysts predict that Persimmon will post 98.2810615 earnings per share for the current fiscal 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.