Persimmon Plc (LON:PSN) Receives GBX 1,524.50 Consensus Target Price from Brokerages

Shares of Persimmon Plc (LON:PSN) have been given a consensus rating of “Moderate Buy” by the ten analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is GBX 1,524.50.

Several equities research analysts have recently commented on PSN shares. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,591 price target on shares of Persimmon in a report on Thursday, April 30th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,750 price target on shares of Persimmon in a report on Wednesday, March 11th. Panmure Gordon restated a “buy” rating and issued a GBX 1,694 price target on shares of Persimmon in a report on Friday, May 1st. Bank of America reduced their price target on shares of Persimmon from GBX 1,600 to GBX 1,300 and set a “buy” rating for the company in a report on Monday, March 30th. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 1,300 price target on shares of Persimmon in a report on Wednesday, March 11th.

Insider Activity at Persimmon

In other news, insider Dean K. Finch sold 60,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of GBX 1,119, for a total value of £671,400. Corporate insiders own 2.63% of the company’s stock.

Persimmon Trading Down 1.2%

LON:PSN opened at GBX 1,068.50 on Monday. Persimmon has a one year low of GBX 1,012 and a one year high of GBX 1,552. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 3.99. The firm has a market cap of £3.43 billion, a P/E ratio of 12.11, a P/E/G ratio of 0.83 and a beta of 1.39. The firm has a 50-day simple moving average of GBX 1,098.28 and a 200-day simple moving average of GBX 1,266.13.

Persimmon (LON:PSN) last posted its quarterly earnings results on Tuesday, March 10th. The company reported GBX 100.70 EPS for the quarter. Persimmon had a net margin of 7.62% and a return on equity of 8.05%. Equities analysts anticipate that Persimmon will post 98.2810615 EPS for the current fiscal 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.