Persimmon (LON:PSN) Stock Rating Reaffirmed as Buy by Jefferies Financial Group

Persimmon (LON:PSN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Jefferies Financial Group in a research report issued on Monday, MarketBeat Ratings reports. They currently have a GBX 1,590 price objective on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 19.59% from the company’s current price.

Several other research firms have also recently commented on PSN. Citigroup decreased their target price on shares of Persimmon from £161.50 to £128 and set a “buy” rating for the company in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. cut their price target 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. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 1,350 price objective on shares of Persimmon in a report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Persimmon from GBX 1,419 to GBX 1,403 and set a “buy” rating on the stock in a research report on Friday, August 7th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Persimmon has an average rating of “Moderate Buy” and a consensus target price of GBX 2,564.30.

Persimmon Stock Performance

PSN stock opened at GBX 1,329.50 on Monday. Persimmon has a 1 year low of GBX 947.40 and a 1 year high of GBX 1,552. The stock has a market capitalization of £4.27 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 0.83 and a beta of 1.40. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.04 and a current ratio of 4.21. The stock’s fifty day moving average is GBX 1,151.56 and its two-hundred day moving average is GBX 1,112.50.

Persimmon (LON:PSN) last released its quarterly earnings data on Thursday, August 6th. The company reported GBX 38 earnings per share for the quarter. Persimmon had a net margin of 7.68% and a return on equity of 8.45%. On average, research analysts predict that Persimmon will post 98.2810615 EPS for the current year.

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.