Persimmon Plc (LON:PSN – Get Rating) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,445.60 ($17.64) and traded as high as GBX 1,457 ($17.78). Persimmon shares last traded at GBX 1,379 ($16.83), with a volume of 1,090,770 shares changing hands.
Wall Street Analyst Weigh In
PSN has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their price objective on Persimmon from GBX 2,530 ($30.87) to GBX 2,150 ($26.24) and set an “overweight” rating on the stock in a report on Wednesday, November 9th. Berenberg Bank decreased their target price on Persimmon from GBX 1,700 ($20.74) to GBX 1,600 ($19.52) and set a “hold” rating for the company in a research note on Friday, November 25th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Persimmon from GBX 2,854 ($34.83) to GBX 1,207 ($14.73) and set a “hold” rating for the company in a research note on Thursday, October 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 2,095.29 ($25.57).
Persimmon Price Performance
The stock has a 50-day simple moving average of GBX 1,292.66 and a 200 day simple moving average of GBX 1,445.60. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.04 and a current ratio of 4.66. The company has a market cap of £4.40 billion and a P/E ratio of 599.57.
About Persimmon
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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