Persimmon Plc (LON:PSN) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Persimmon Plc (LON:PSN) have been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 2,606.

A number of analysts have recently issued reports on PSN shares. Jefferies Financial Group restated a “buy” rating and set a GBX 1,591 price target on shares of Persimmon in a report on Thursday, April 30th. JPMorgan Chase & Co. decreased their price objective on Persimmon from GBX 1,800 to GBX 1,430 and set an “overweight” rating on the stock in a report on Tuesday, June 16th. Panmure Gordon reiterated a “buy” rating and issued a GBX 1,694 price objective on shares of Persimmon in a research report on Friday, May 1st. Bank of America cut their target price on Persimmon from GBX 1,600 to GBX 1,300 and set a “buy” rating for the company in a research note on Monday, March 30th. Finally, Citigroup reduced their target price on Persimmon from £161.50 to £128 and set a “buy” rating on the stock in a research report on Tuesday, June 23rd.

Insider Activity

In related news, insider Dean K. Finch sold 60,000 shares of the firm’s stock in a transaction dated 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.

Persimmon Stock Performance

LON:PSN opened at GBX 1,107 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.99 and a quick ratio of 1.04. The firm has a market capitalization of £3.55 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 0.83 and a beta of 1.39. The company’s 50-day moving average is GBX 1,066.88 and its two-hundred day moving average is GBX 1,204.29. Persimmon has a 1-year low of GBX 947.40 and a 1-year high of GBX 1,552.

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.