Persimmon Plc (LON:PSN) Receives Consensus Rating of “Hold” from Brokerages

Shares of Persimmon Plc (LON:PSN – Get Rating) have earned an average recommendation of “Hold” from the eight analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 1,635 ($19.73).

Several research firms have weighed in on PSN. Citigroup cut Persimmon to a “sell” rating in a research report on Wednesday, February 1st. Jefferies Financial Group restated a “hold” rating on shares of Persimmon in a research report on Monday, February 13th. JPMorgan Chase & Co. lowered their price objective on shares of Persimmon from GBX 2,530 ($30.53) to GBX 2,150 ($25.94) and set an “overweight” rating on the stock in a research report on Wednesday, November 9th. Deutsche Bank Aktiengesellschaft downgraded shares of Persimmon to a “sell” rating in a research report on Monday, February 13th. Finally, Berenberg Bank lowered their price target on shares of Persimmon from GBX 1,700 ($20.51) to GBX 1,600 ($19.31) and set a “hold” rating on the stock in a report on Friday, November 25th.

Persimmon Price Performance

Persimmon stock opened at GBX 1,234 ($14.89) on Friday. The stock has a market cap of £3.94 billion, a P/E ratio of 543.61, a P/E/G ratio of -1.74 and a beta of 1.29. The company has a quick ratio of 1.04, a current ratio of 4.66 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average price is GBX 1,380.96 and its two-hundred day moving average price is GBX 1,360.36. Persimmon has a 52 week low of GBX 1,113.50 ($13.44) and a 52 week high of GBX 2,467 ($29.77).

Persimmon Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 5th. Investors of record on Thursday, April 13th will be issued a GBX 60 ($0.72) dividend. This represents a yield of 4.13%. The ex-dividend date is Thursday, April 13th. Persimmon’s dividend payout ratio (DPR) is presently 10,352.42%.

Persimmon Company Profile

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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.