Persimmon (LON:PSN) Stock Rating Reaffirmed as Buy by Jefferies Financial Group

Persimmon (LON:PSN)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Financial Group in a report issued on Wednesday, Digital Look reports. They presently have a GBX 1,590 target price on the stock. Jefferies Financial Group‘s target price would suggest a potential upside of 21.70% from the stock’s current price.

A number of other research analysts have also commented on PSN. Deutsche Bank Aktiengesellschaft cut their price target on Persimmon from GBX 1,419 to GBX 1,403 and set a “buy” rating for the company in a report on Friday, August 7th. Citigroup decreased 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. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 1,350 price objective on shares of Persimmon in a research note on Friday, August 7th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 2,564.30.

Persimmon Trading Up 0.3%

Persimmon stock traded up GBX 4 during midday trading on Wednesday, reaching GBX 1,306.50. The stock had a trading volume of 941,686 shares, compared to its average volume of 11,416,303. Persimmon has a twelve month low of GBX 947.40 and a twelve month high of GBX 1,552. The company has a debt-to-equity ratio of 8.08, a current ratio of 4.21 and a quick ratio of 1.04. The firm has a market cap of £4.20 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 0.83 and a beta of 1.40. The firm’s fifty day simple moving average is GBX 1,192.31 and its two-hundred day simple moving average is GBX 1,196.05.

Persimmon (LON:PSN) last issued its quarterly 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%. Equities analysts anticipate that Persimmon will post 98.28 EPS for the current fiscal year.

Insider Activity

In related news, insider Andrew Duxbury sold 26,105 shares of Persimmon stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of GBX 1,320, for a total transaction of £344,586. Insiders own 2.64% of the company’s stock.

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.