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

Persimmon Plc (LON:PSN) has received a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 1,513.

A number of equities research analysts have commented on the company. Peel Hunt reiterated a “buy” rating and set a GBX 1,330 target price on shares of Persimmon in a report on Thursday, November 13th. Jefferies Financial Group increased their price objective on Persimmon from GBX 1,815 to GBX 1,819 and gave the company a “buy” rating in a research note on Monday, January 19th. Citigroup boosted their target price on shares of Persimmon from GBX 1,613 to GBX 1,615 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft lowered shares of Persimmon to a “hold” rating and set a GBX 1,419 target price on the stock. in a report on Thursday, January 15th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Persimmon from GBX 1,520 to GBX 1,800 and gave the stock an “overweight” rating in a report on Thursday, December 4th.

Persimmon Stock Up 0.0%

PSN stock opened at GBX 1,413.50 on Tuesday. The company has a debt-to-equity ratio of 4.91, a current ratio of 4.09 and a quick ratio of 1.04. The company’s 50 day simple moving average is GBX 1,341.37 and its 200-day simple moving average is GBX 1,220.46. Persimmon has a 12 month low of GBX 1,030.50 and a 12 month high of GBX 1,454. The firm has a market capitalization of £4.53 billion, a PE ratio of 17.82, a P/E/G ratio of 0.83 and a beta of 1.37.

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.