Persimmon Plc (LON:PSN) Receives GBX 2,606 Consensus Price Target from Brokerages

Persimmon Plc (LON:PSN) has been given a consensus recommendation of “Moderate Buy” by the ten analysts that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 2,606.

A number of research analysts have recently commented on the company. Citigroup lowered their target price on Persimmon from £161.50 to £128 and set a “buy” rating for the company in a research report on Tuesday, June 23rd. Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,300 price target on shares of Persimmon in a research note on Wednesday, March 11th. JPMorgan Chase & Co. dropped their price objective on shares of Persimmon from GBX 1,800 to GBX 1,430 and set an “overweight” rating for the company in a research note on Tuesday, June 16th. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,591 target price on shares of Persimmon in a report on Thursday, April 30th. Finally, Bank of America decreased their target price on shares of Persimmon from GBX 1,600 to GBX 1,300 and set a “buy” rating on the stock in a research report on Monday, March 30th.

Persimmon Stock Performance

LON PSN opened at GBX 1,061 on Friday. The stock has a market capitalization of £3.41 billion, a PE ratio of 12.03, a P/E/G ratio of 0.83 and a beta of 1.40. The business has a 50 day simple moving average of GBX 1,074.03 and a two-hundred day simple moving average of GBX 1,234.27. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.99 and a quick ratio of 1.04. Persimmon has a 1-year low of GBX 1,011.50 and a 1-year high of GBX 1,552.

Insiders Place Their Bets

In other Persimmon news, insider Dean K. Finch sold 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of GBX 1,119, for a total transaction of £671,400. 2.63% of the stock is owned by insiders.

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.