Persimmon Plc (LON:PSN) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Persimmon Plc (LON:PSN) have earned an average rating of “Moderate Buy” from the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 1,524.50.

A number of brokerages recently commented on PSN. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,750 target price on shares of Persimmon in a research note on Wednesday, March 11th. Citigroup increased their target price on Persimmon from GBX 1,613 to GBX 1,615 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Bank of America dropped their target price on Persimmon from GBX 1,600 to GBX 1,300 and set a “buy” rating for the company in a report on Monday, March 30th. Deutsche Bank Aktiengesellschaft cut Persimmon to a “hold” rating and set a GBX 1,419 price target for the company. in a report on Thursday, January 15th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,591 price target on shares of Persimmon in a report on Thursday, April 30th.

Persimmon Stock Performance

Shares of LON PSN opened at GBX 1,101 on Thursday. The business has a fifty day simple moving average of GBX 1,189.64 and a 200 day simple moving average of GBX 1,288.58. The company has a current ratio of 3.99, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of £3.53 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 0.83 and a beta of 1.45. Persimmon has a one year low of GBX 1,027 and a one year high of GBX 1,552.

Persimmon (LON:PSN) last issued its earnings results on Tuesday, March 10th. The company reported GBX 100.70 EPS for the quarter. Persimmon had a return on equity of 8.05% and a net margin of 7.62%. Sell-side analysts expect 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.