Persimmon (LON:PSN) Given “Buy” Rating at Jefferies Financial Group

Persimmon (LON:PSN)‘s stock had its “buy” rating reiterated by analysts at Jefferies Financial Group in a note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 1,590 price target on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 26.84% from the stock’s previous close.

Several other brokerages also recently commented on PSN. Citigroup lowered their price target on Persimmon from £161.50 to £128 and set a “buy” rating on the stock in a report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Persimmon from GBX 1,419 to GBX 1,403 and set a “buy” rating on the stock in a report on Friday, August 7th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 1,350 target price on shares of Persimmon in a research report on Friday, August 7th. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,564.30.

Persimmon Stock Down 0.1%

Shares of LON PSN traded down GBX 1.50 during mid-day trading on Wednesday, reaching GBX 1,253.50. 92,754,594 shares of the company traded hands, compared to its average volume of 11,411,766. The company’s fifty day moving average is GBX 1,186.55 and its two-hundred day moving average is GBX 1,123.67. 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 has a fifty-two week low of GBX 947.40 and a fifty-two week high of GBX 1,552. The stock has a market cap of £4.03 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 0.83 and a beta of 1.40.

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 return on equity of 8.45% and a net margin of 7.68%. On average, analysts expect that Persimmon will post 98.28 earnings per share for the current year.

Insider Transactions at Persimmon

In other Persimmon news, insider Andrew Duxbury sold 26,105 shares of Persimmon 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. 2.64% of the stock is owned by company insiders.

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.