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

Shares of Persimmon Plc (LON:PSN) have received an average recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 1,474.17.

Several brokerages have issued reports on PSN. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 1,375 target price on shares of Persimmon in a research note on Wednesday, August 13th. Citigroup cut their price objective on shares of Persimmon from GBX 1,573 to GBX 1,530 and set a “buy” rating for the company in a research note on Thursday, August 14th. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,330 target price on shares of Persimmon in a report on Thursday. Berenberg Bank reiterated a “hold” rating and issued a GBX 1,300 target price on shares of Persimmon in a research report on Tuesday, September 9th. Finally, Jefferies Financial Group cut their price target on shares of Persimmon from GBX 1,801 to GBX 1,790 and set a “buy” rating for the company in a research report on Tuesday, October 7th.

Persimmon Trading Up 3.4%

Shares of PSN stock opened at GBX 1,274.50 on Thursday. The business has a 50-day moving average price of GBX 1,161.84 and a two-hundred day moving average price of GBX 1,216.15. Persimmon has a 12-month low of GBX 1,030.50 and a 12-month high of GBX 1,418. The company has a quick ratio of 1.04, a current ratio of 4.09 and a debt-to-equity ratio of 4.91. The firm has a market cap of £4.08 billion, a P/E ratio of 16.07, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37.

Persimmon (LON:PSN) last announced its quarterly earnings data on Wednesday, August 13th. The company reported GBX 36.80 EPS for the quarter. Persimmon had a return on equity of 7.51% and a net margin of 8.84%. Equities analysts anticipate that Persimmon will post 98.2810615 EPS for the current fiscal year.

Insider Buying and Selling at Persimmon

In related news, insider Andrew Duxbury sold 7,132 shares of the stock in a transaction dated Monday, September 29th. The stock was sold at an average price of GBX 1,133, for a total transaction of £80,805.56. Company insiders own 2.63% of the company’s stock.

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.