Analysts Set Persimmon Plc (LON:PSN) Target Price at GBX 3,084.22

Shares of Persimmon Plc (LON:PSNGet Rating) have received a consensus rating of “Buy” from the eleven research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 3,084.22 ($40.19).

A number of analysts recently weighed in on PSN shares. Liberum Capital restated a “buy” rating and issued a GBX 3,090 ($40.27) price target on shares of Persimmon in a research note on Monday, March 14th. Berenberg Bank lifted their price target on Persimmon from GBX 3,410 ($44.44) to GBX 3,440 ($44.83) and gave the company a “buy” rating in a research note on Wednesday, March 2nd. Barclays reaffirmed an “underweight” rating and set a GBX 2,250 ($29.32) price objective on shares of Persimmon in a report on Friday, January 28th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Persimmon in a report on Friday, March 25th. Finally, Citigroup reaffirmed a “neutral” rating and set a GBX 2,648 ($34.51) price objective on shares of Persimmon in a report on Friday, January 14th.

Persimmon stock opened at GBX 2,170 ($28.28) on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.88 and a quick ratio of 1.57. Persimmon has a 1-year low of GBX 2,083 ($27.14) and a 1-year high of GBX 3,272 ($42.64). The company has a market cap of £6.93 billion and a PE ratio of 8.84. The stock’s 50 day moving average price is GBX 2,283.95 and its 200 day moving average price is GBX 2,540.04.

The business also recently declared a dividend, which was paid on Friday, April 1st. Stockholders of record on Thursday, March 10th were issued a GBX 125 ($1.63) dividend. This represents a dividend yield of 5.38%. This is a boost from Persimmon’s previous dividend of $110.00. The ex-dividend date of this dividend was Thursday, March 10th. Persimmon’s payout ratio is 0.96%.

In other Persimmon news, insider Joanna Place acquired 3,907 shares of the stock in a transaction dated Tuesday, January 18th. The stock was acquired at an average price of GBX 2,559 ($33.35) per share, with a total value of £99,980.13 ($130,284.25). Also, insider Dean K. Finch sold 7,102 shares of Persimmon stock in a transaction on Monday, March 21st. The shares were sold at an average price of GBX 2,271 ($29.59), for a total value of £161,286.42 ($210,172.56).

Persimmon Company Profile (Get Rating)

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; executive housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services.

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Analyst Recommendations for Persimmon (LON:PSN)

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