Persimmon Plc (LON:PSN) Given Average Recommendation of “Moderate Buy” by Analysts

Persimmon Plc (LON:PSN) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is GBX 1,513.

A number of analysts recently commented on the company. Jefferies Financial Group lifted their price objective 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. Deutsche Bank Aktiengesellschaft downgraded shares of Persimmon to a “hold” rating and set a GBX 1,419 price target for the company. in a report on Thursday, January 15th. The Goldman Sachs Group initiated coverage on shares of Persimmon in a research note on Monday, November 24th. They set a “buy” rating and a GBX 1,446 price objective on the stock. Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,330 target price on shares of Persimmon in a research note on Thursday, November 13th. Finally, Citigroup increased their price target on Persimmon from GBX 1,613 to GBX 1,615 and gave the stock a “buy” rating in a research note on Wednesday, January 14th.

Persimmon Stock Performance

Persimmon stock opened at GBX 1,536.50 on Friday. Persimmon has a fifty-two week low of GBX 1,030.50 and a fifty-two week high of GBX 1,552. The company has a market capitalization of £4.93 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 0.83 and a beta of 1.37. The stock has a fifty day moving average of GBX 1,406.79 and a two-hundred day moving average of GBX 1,259.13. The company has a debt-to-equity ratio of 4.91, a quick ratio of 1.04 and a current ratio of 4.09.

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.