Persimmon (LON:PSN) Stock Keeps Buy Rating at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Persimmon (LON:PSN) in a research note published on Monday morning, Marketbeat Ratings reports. The firm currently has a GBX 1,590 target price on the stock.

A number of other brokerages also recently commented on PSN. Deutsche Bank Aktiengesellschaft lowered their target price on Persimmon from GBX 1,419 to GBX 1,403 and set a “buy” rating on the stock in a research note on Friday, August 7th. JPMorgan Chase & Co. cut their price target 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. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,350 price target on shares of Persimmon in a report on Friday, August 7th. Finally, Citigroup lowered their price target on Persimmon from £161.50 to £128 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Persimmon has an average rating of “Moderate Buy” and a consensus target price of GBX 2,564.30.

Persimmon Trading Up 14.9%

Shares of LON:PSN opened at GBX 1,327 on Monday. The firm has a fifty day moving average of GBX 1,146.10 and a two-hundred day moving average of GBX 1,112.07. The firm has a market capitalization of £4.26 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 0.83 and a beta of 1.40. Persimmon has a 12-month low of GBX 947.40 and a 12-month high of GBX 1,552. The company has a quick ratio of 1.04, a current ratio of 4.21 and a debt-to-equity ratio of 8.08.

Persimmon (LON:PSN) last posted 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%. On average, equities analysts expect that Persimmon will post 98.2810615 EPS 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.