Persimmon Plc (LON:PSN) Given Consensus Rating of “Moderate Buy” by Brokerages

Persimmon Plc (LON:PSN) has been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 1,513.

A number of equities analysts have recently issued reports on PSN shares. JPMorgan Chase & Co. increased their price target on shares of Persimmon from GBX 1,520 to GBX 1,800 and gave the company an “overweight” rating in a report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft cut shares of Persimmon to a “hold” rating and set a GBX 1,419 target price for the company. in a report on Thursday, January 15th. Peel Hunt reissued a “buy” rating and set a GBX 1,330 price target on shares of Persimmon in a research note on Thursday, November 13th. Citigroup raised their price objective on Persimmon from GBX 1,613 to GBX 1,615 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Finally, Jefferies Financial Group boosted their target price on Persimmon from GBX 1,815 to GBX 1,819 and gave the stock a “buy” rating in a research report on Monday, January 19th.

Persimmon Trading Up 0.0%

LON:PSN opened at GBX 1,413.50 on Tuesday. Persimmon has a 1 year low of GBX 1,030.50 and a 1 year high of GBX 1,454. The company has a debt-to-equity ratio of 4.91, a quick ratio of 1.04 and a current ratio of 4.09. The stock has a fifty day moving average price of GBX 1,341.37 and a two-hundred day moving average price of GBX 1,220.46. The stock has a market capitalization of £4.53 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 0.83 and a beta of 1.37.

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