Persimmon (LON:PSN) Earns Buy Rating from Jefferies Financial Group

Persimmon (LON:PSN)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Financial Group in a note issued to investors on Monday, Marketbeat.com reports. They presently have a GBX 1,590 price objective on the stock. Jefferies Financial Group’s price target points to a potential upside of 20.18% from the company’s previous close.

Several other equities analysts have also issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,350 price target on shares of Persimmon in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft decreased their target price on Persimmon from GBX 1,419 to GBX 1,403 and set a “buy” rating on the stock in a research report on Friday, August 7th. JPMorgan Chase & Co. lowered their target price on Persimmon from GBX 1,800 to GBX 1,430 and set an “overweight” rating for the company in a research note on Tuesday, June 16th. Finally, Citigroup dropped their target price on shares of Persimmon from £161.50 to £128 and set a “buy” rating for the company in a report on Tuesday, June 23rd. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 2,564.30.

Persimmon Stock Performance

Shares of Persimmon stock opened at GBX 1,323 on Monday. The company has a current ratio of 4.21, a quick ratio of 1.04 and a debt-to-equity ratio of 8.08. The company has a market cap of £4.25 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 0.83 and a beta of 1.40. The company has a 50 day moving average of GBX 1,146.10 and a 200-day moving average of GBX 1,112.07. Persimmon has a 1-year low of GBX 947.40 and a 1-year high of GBX 1,552.

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

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.