Persimmon’s (PSN) Buy Rating Reiterated at Jefferies Financial Group

Persimmon (LON:PSN)‘s stock had its “buy” rating restated by equities researchers at Jefferies Financial Group in a note issued to investors on Monday, September 28th, Marketbeat.com reports. They presently have a GBX 1,590 price target on the stock. Jefferies Financial Group’s target price points to a potential upside of 29.37% from the stock’s current price.

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

Persimmon Price Performance

Shares of Persimmon stock traded down GBX 8.50 on Monday, hitting GBX 1,229. The company’s stock had a trading volume of 1,319,020 shares, compared to its average volume of 11,552,507. The company has a market capitalization of £3.95 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 0.83 and a beta of 1.40. Persimmon has a 52-week low of GBX 947.40 and a 52-week high of GBX 1,552. The firm has a fifty day moving average price of GBX 1,161.98 and a 200-day moving average price of GBX 1,114.11. 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 earnings results on Thursday, August 6th. The company reported GBX 38 earnings per share for the quarter. Persimmon had a net margin of 7.68% and a return on equity of 8.45%. On average, equities research analysts expect that Persimmon will post 98.2810615 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Andrew Duxbury sold 26,105 shares of the company’s stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of GBX 1,320, for a total value of £344,586. Insiders own 2.62% 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.