Persimmon’s (PSN) Outperform Rating Reiterated at Royal Bank Of Canada

Persimmon (LON:PSN)‘s stock had its “outperform” rating reissued by equities research analysts at Royal Bank Of Canada in a research note issued on Friday,London Stock Exchange reports. They currently have a GBX 1,350 price objective on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 18.01% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Panmure Gordon reaffirmed a “buy” rating and set a GBX 1,694 price target on shares of Persimmon in a report on Friday, May 1st. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,591 price objective on shares of Persimmon in a research note on Thursday, April 30th. Citigroup cut their price objective on shares of Persimmon from £161.50 to £128 and set a “buy” rating for the company in a research report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Persimmon from GBX 1,800 to GBX 1,430 and set an “overweight” rating for the company in a research report on Tuesday, June 16th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Persimmon presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,566.

Persimmon Stock Down 1.0%

PSN opened at GBX 1,144 on Friday. Persimmon has a 52 week low of GBX 947.40 and a 52 week high of GBX 1,552. The business has a 50 day moving average price of GBX 1,074.43 and a two-hundred day moving average price of GBX 1,186.51. The company has a quick ratio of 1.04, a current ratio of 3.99 and a debt-to-equity ratio of 0.46. The company has a market cap of £3.67 billion, a PE ratio of 12.97, a P/E/G ratio of 0.83 and a beta of 1.39.

Persimmon (LON:PSN) last announced its earnings results on Thursday, August 6th. The company reported GBX 38 earnings per share for the quarter. Persimmon had a return on equity of 8.05% and a net margin of 7.62%. As a group, research analysts anticipate that Persimmon will post 98.2810615 EPS for the current year.

Insider Transactions at Persimmon

In other Persimmon news, insider Dean K. Finch sold 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of GBX 1,119, for a total transaction of £671,400. 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. Further, it offers concrete bricks and roof tile. Persimmon Plc was founded in 1972 and is headquartered in York, the United Kingdom.