Persimmon Plc (LON:PSN) Receives GBX 1,474.17 Average Target Price from Analysts

Persimmon Plc (LON:PSN) has received an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is GBX 1,474.17.

Several analysts have recently weighed in on the company. Jefferies Financial Group decreased their price objective on Persimmon from GBX 1,801 to GBX 1,790 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 1,375 price target on shares of Persimmon in a research note on Wednesday, August 13th. Citigroup lowered their price target on shares of Persimmon from GBX 1,573 to GBX 1,530 and set a “buy” rating on the stock in a report on Thursday, August 14th. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,330 price objective on shares of Persimmon in a report on Thursday. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 1,300 target price on shares of Persimmon in a research report on Tuesday, September 9th.

Persimmon Stock Performance

Shares of PSN stock opened at GBX 1,248.11 on Thursday. The company’s fifty day simple moving average is GBX 1,168.87 and its 200-day simple moving average is GBX 1,215.80. The company has a market cap of £4.00 billion, a PE ratio of 15.74, a P/E/G ratio of 0.83 and a beta of 1.37. The company has a current ratio of 4.09, a quick ratio of 1.04 and a debt-to-equity ratio of 4.91. Persimmon has a 52 week low of GBX 1,030.50 and a 52 week high of GBX 1,418.

Persimmon (LON:PSN) last released its earnings results on Wednesday, August 13th. The company reported GBX 36.80 earnings per share for the quarter. Persimmon had a return on equity of 7.51% and a net margin of 8.84%. As a group, equities research analysts anticipate that Persimmon will post 98.2810615 EPS for the current year.

Insiders Place Their Bets

In other news, insider Andrew Duxbury sold 7,132 shares of the company’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of GBX 1,133, for a total value of £80,805.56. Insiders own 2.63% of the company’s stock.

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; 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.