Brokerages Set Persimmon Plc (LON:PSN) PT at GBX 1,556.50

Persimmon Plc (LON:PSN) has received a consensus rating of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 1,556.50.

A number of equities analysts have recently weighed in on PSN shares. Berenberg Bank reiterated a “hold” rating and set a GBX 1,300 target price on shares of Persimmon in a research note on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft downgraded Persimmon to a “hold” rating and set a GBX 1,419 price target for the company. in a research note on Thursday, January 15th. Citigroup upped their price objective on Persimmon from GBX 1,613 to GBX 1,615 and gave the company a “buy” rating in a report on Wednesday, January 14th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 1,750 target price on shares of Persimmon in a report on Wednesday, March 11th. Finally, Jefferies Financial Group reduced their target price on shares of Persimmon from GBX 1,819 to GBX 1,792 and set a “buy” rating for the company in a research report on Wednesday, March 11th.

Persimmon Stock Down 1.6%

Shares of PSN opened at GBX 1,112 on Wednesday. The firm has a market cap of £3.56 billion, a P/E ratio of 14.02, a price-to-earnings-growth ratio of 0.83 and a beta of 1.32. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 3.99. Persimmon has a 52 week low of GBX 1,030.50 and a 52 week high of GBX 1,552. The firm’s 50-day simple moving average is GBX 1,397.18 and its 200 day simple moving average is GBX 1,288.

Persimmon (LON:PSN) last issued its quarterly earnings data on Tuesday, March 10th. The company reported GBX 100.70 earnings per share (EPS) for the quarter. Persimmon had a net margin of 7.62% and a return on equity of 8.05%. On average, analysts forecast that Persimmon will post 98.2810615 earnings per share for the current year.

Persimmon Company Profile

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. Further, it offers concrete bricks and roof tile. Persimmon Plc was founded in 1972 and is headquartered in York, the United Kingdom.