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

Persimmon Plc (LON:PSN) has received a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is GBX 1,524.50.

Several research analysts have issued reports on PSN shares. Panmure Gordon reaffirmed a “buy” rating and set a GBX 1,694 price objective on shares of Persimmon in a report on Friday, May 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 1,750 price objective on shares of Persimmon in a report on Wednesday, March 11th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,591 price objective on shares of Persimmon in a report on Thursday, April 30th. Bank of America reduced their price objective on Persimmon from GBX 1,600 to GBX 1,300 and set a “buy” rating on the stock in a report on Monday, March 30th. Finally, Berenberg Bank restated a “hold” rating and set a GBX 1,300 target price on shares of Persimmon in a research report on Wednesday, March 11th.

Persimmon Stock Down 0.5%

Shares of LON PSN opened at GBX 1,107.50 on Monday. The firm’s 50-day simple moving average is GBX 1,103.89 and its 200 day simple moving average is GBX 1,272.69. The company has a market cap of £3.56 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 0.83 and a beta of 1.39. The company has a quick ratio of 1.04, a current ratio of 3.99 and a debt-to-equity ratio of 0.46. Persimmon has a 12-month low of GBX 1,012 and a 12-month high of GBX 1,552.

Persimmon (LON:PSN) last issued its quarterly earnings results on Tuesday, March 10th. The company reported GBX 100.70 earnings per share (EPS) for the quarter. Persimmon had a net margin of 7.62% and a return on equity of 8.05%. On average, research analysts expect that Persimmon will post 98.2810615 earnings per share for the current fiscal year.

Insider Transactions at Persimmon

In other Persimmon news, insider Dean K. Finch sold 60,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were 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 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.