Persimmon Plc (LON:PSN) Receives GBX 1,510.14 Average Target Price from Brokerages

Persimmon Plc (LON:PSN) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 1,510.14.

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Persimmon from GBX 1,520 to GBX 1,800 and gave the company an “overweight” rating in a research report on Thursday, December 4th. The Goldman Sachs Group started coverage on Persimmon in a research note on Monday, November 24th. They set a “buy” rating and a GBX 1,446 target price on the stock. Berenberg Bank restated a “hold” rating and issued a GBX 1,300 price target on shares of Persimmon in a research note on Tuesday, September 9th. Jefferies Financial Group cut their price objective on shares of Persimmon from GBX 1,801 to GBX 1,790 and set a “buy” rating for the company in a report on Tuesday, October 7th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 1,330 price objective on shares of Persimmon in a research report on Thursday, November 13th.

Persimmon Stock Up 1.0%

PSN opened at GBX 1,366.50 on Friday. The stock has a market cap of £4.38 billion, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The company has a debt-to-equity ratio of 4.91, a quick ratio of 1.04 and a current ratio of 4.09. The firm’s fifty day moving average is GBX 1,293.17 and its 200 day moving average is GBX 1,208.42. Persimmon has a fifty-two week low of GBX 1,030.50 and a fifty-two week high of GBX 1,418.

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.