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

Persimmon Plc (LON:PSN) has been assigned an average rating of “Moderate Buy” from the ten analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 2,564.30.

A number of analysts recently commented on the stock. JPMorgan Chase & Co. lowered 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 report on Tuesday, June 16th. Jefferies Financial Group reduced their target price on Persimmon from GBX 1,591 to GBX 1,590 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft decreased their target price on Persimmon from GBX 1,419 to GBX 1,403 and set a “buy” rating for the company in a research note on Friday, August 7th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,350 price target on shares of Persimmon in a report on Friday, August 7th. Finally, Citigroup dropped their price target on Persimmon from £161.50 to £128 and set a “buy” rating on the stock in a research report on Tuesday, June 23rd.

Persimmon Stock Down 0.2%

Shares of LON:PSN opened at GBX 1,126 on Wednesday. Persimmon has a 52 week low of GBX 947.40 and a 52 week high of GBX 1,552. 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 company has a market capitalization of £3.62 billion, a PE ratio of 11.95, a PEG ratio of 0.83 and a beta of 1.40. The company has a 50 day moving average price of GBX 1,118.40 and a two-hundred day moving average price of GBX 1,139.45.

Persimmon (LON:PSN) last posted its earnings results 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%. Analysts forecast that Persimmon will post 98.2810615 earnings per share 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.