Jefferies Financial Group Reaffirms “Buy” Rating for Persimmon (LON:PSN)

Persimmon (LON:PSN)‘s stock had its “buy” rating reiterated by Jefferies Financial Group in a research note issued on Monday, Marketbeat.com reports. They presently have a GBX 1,590 price target on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 19.59% from the stock’s current price.

A number of other analysts have also weighed in on PSN. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Persimmon from GBX 1,419 to GBX 1,403 and set a “buy” rating for the company in a report on Friday, August 7th. JPMorgan Chase & Co. dropped their price target on 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. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,350 price target on shares of Persimmon in a report on Friday, August 7th. Finally, Citigroup decreased their price target on shares of Persimmon from £161.50 to £128 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Persimmon currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,564.30.

Persimmon Price Performance

Shares of LON:PSN opened at GBX 1,329.50 on Monday. The stock’s 50-day moving average price is GBX 1,151.56 and its 200-day moving average price is GBX 1,112.50. The company has a current ratio of 4.21, a quick ratio of 1.04 and a debt-to-equity ratio of 8.08. Persimmon has a 12-month low of GBX 947.40 and a 12-month high of GBX 1,552. The stock has a market capitalization of £4.27 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 0.83 and a beta of 1.40.

Persimmon (LON:PSN) last announced its quarterly earnings results on Thursday, August 6th. The company reported GBX 38 EPS for the quarter. Persimmon had a return on equity of 8.45% and a net margin of 7.68%. On average, equities analysts anticipate 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.