Persimmon Plc (LON:PSN) Given Average Rating of “Moderate Buy” by Analysts

Shares of Persimmon Plc (LON:PSN) have been assigned an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the company, 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 objective among brokers that have issued ratings on the stock in the last year is GBX 2,606.

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

Insider Buying and Selling at Persimmon

In other news, insider Dean K. Finch sold 60,000 shares of the firm’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. Company insiders own 2.63% of the company’s stock.

Persimmon Stock Performance

Shares of PSN opened at GBX 1,131.50 on Friday. The firm has a 50-day moving average price of GBX 1,083.19 and a 200 day moving average price of GBX 1,242.68. The firm has a market capitalization of £3.63 billion, a PE ratio of 12.83, a P/E/G ratio of 0.83 and a beta of 1.40. 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 52-week low of GBX 1,011.50 and a 52-week 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.