Persimmon Plc (LON:PSN) Given Average Rating of “Hold” by Analysts

Shares of Persimmon Plc (LON:PSNGet Rating) have received a consensus recommendation of “Hold” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is GBX 1,977.83 ($23.39).

Several brokerages have recently issued reports on PSN. JPMorgan Chase & Co. decreased their target price on Persimmon from GBX 2,530 ($29.92) to GBX 2,150 ($25.42) and set an “overweight” rating for the company in a research report on Wednesday, November 9th. Berenberg Bank lowered Persimmon to a “hold” rating and decreased their target price for the company from GBX 3,440 ($40.68) to GBX 1,700 ($20.10) in a research report on Monday, September 12th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Persimmon from GBX 2,854 ($33.75) to GBX 1,207 ($14.27) and set a “hold” rating for the company in a research report on Thursday, October 20th.

Persimmon Trading Up 0.2 %

Shares of Persimmon stock opened at GBX 1,296.50 ($15.33) on Wednesday. Persimmon has a 1 year low of GBX 1,113.50 ($13.17) and a 1 year high of GBX 2,930 ($34.65). The firm has a market cap of £4.14 billion and a PE ratio of 566.16. The stock has a fifty day moving average price of GBX 1,293.56 and a 200-day moving average price of GBX 1,668.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.66 and a quick ratio of 1.04.

About Persimmon

(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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