Persimmon Plc (LON:PSN) Given Average Recommendation of “Moderate Buy” by Analysts

Persimmon Plc (LON:PSN) has been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is GBX 2,564.30.

PSN has been the topic of a number of research analyst reports. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 1,694 target price on shares of Persimmon in a report on Friday, May 1st. JPMorgan Chase & Co. lowered their price target on Persimmon from GBX 1,800 to GBX 1,430 and set an “overweight” rating for the company in a report on Tuesday, June 16th. Jefferies Financial Group lowered their price target on Persimmon from GBX 1,591 to GBX 1,590 and set a “buy” rating for the company in a report on Wednesday. Citigroup dropped their price objective on Persimmon from £161.50 to £128 and set a “buy” rating for the company in a research report on Tuesday, June 23rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 1,350 price objective on shares of Persimmon in a research note on Friday, August 7th.

Persimmon Stock Performance

LON PSN opened at GBX 1,187 on Friday. 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 firm has a market capitalization of £3.81 billion, a price-to-earnings ratio of 13.46, a P/E/G ratio of 0.83 and a beta of 1.40. The firm’s 50 day simple moving average is GBX 1,085.81 and its 200 day simple moving average is GBX 1,178.05. 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, research analysts expect that Persimmon will post 98.2810615 earnings per share for the current fiscal year.

Insider Activity at Persimmon

In other news, insider Dean K. Finch sold 60,000 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of GBX 1,119, for a total value of £671,400. Company insiders own 2.63% of the company’s stock.

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.