Persimmon Plc (LON:PSN) Stock Has Average Price Target of GBX 2,564.30

Persimmon Plc (LON:PSN) has earned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is GBX 2,564.30.

Several brokerages recently issued reports on PSN. JPMorgan Chase & Co. cut their target price on shares of Persimmon from GBX 1,800 to GBX 1,430 and set an “overweight” rating on the stock in a research note on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of 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. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,590 price objective on shares of Persimmon in a report on Monday, September 28th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 1,350 price objective on shares of Persimmon in a research report on Friday, August 7th. Finally, Citigroup reduced their target price on Persimmon from £161.50 to £128 and set a “buy” rating for the company in a research note on Tuesday, June 23rd.

Insider Transactions at Persimmon

In other Persimmon news, insider Andrew Duxbury sold 26,105 shares of the stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of GBX 1,320, for a total value of £344,586. Insiders own 2.62% of the company’s stock.

Persimmon Price Performance

Persimmon stock opened at GBX 1,240 on Friday. The stock has a market capitalization of £3.98 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 0.83 and a beta of 1.40. Persimmon has a 52-week low of GBX 947.40 and a 52-week high of GBX 1,552. The stock’s 50 day moving average price is GBX 1,166.78 and its two-hundred day moving average price is GBX 1,114.59. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.04 and a current ratio of 4.21.

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

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.