Analysts Set Persimmon Plc (LON:PSN) Target Price at GBX 1,510.14

Persimmon Plc (LON:PSN) has earned an average rating of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 1,510.14.

Several analysts have weighed in on PSN shares. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 1,375 price objective on shares of Persimmon in a research report on Wednesday, August 13th. Peel Hunt reiterated a “buy” rating and set a GBX 1,330 price target on shares of Persimmon in a report on Thursday, November 13th. The Goldman Sachs Group started coverage on shares of Persimmon in a research report on Monday, November 24th. They set a “buy” rating and a GBX 1,446 price target for the company. Berenberg Bank restated a “hold” rating and issued a GBX 1,300 price objective on shares of Persimmon in a research report on Tuesday, September 9th. Finally, Jefferies Financial Group lowered their price objective on shares of Persimmon from GBX 1,801 to GBX 1,790 and set a “buy” rating for the company in a research note on Tuesday, October 7th.

Insider Buying and Selling

In other Persimmon news, insider Andrew Duxbury sold 7,132 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of GBX 1,133, for a total value of £80,805.56. 2.63% of the stock is owned by insiders.

Persimmon Trading Up 0.4%

LON PSN opened at GBX 1,304 on Monday. Persimmon has a 1-year low of GBX 1,030.50 and a 1-year high of GBX 1,418. The company has a current ratio of 4.09, a quick ratio of 1.04 and a debt-to-equity ratio of 4.91. The stock has a 50-day moving average of GBX 1,235.37 and a 200-day moving average of GBX 1,209. The firm has a market cap of £4.18 billion, a PE ratio of 16.44, a price-to-earnings-growth 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.