Persimmon (LON:PSN) Price Target Cut to GBX 1,300 by Analysts at Bank of America

Persimmon (LON:PSN) had its price objective cut by Bank of America from GBX 1,600 to GBX 1,300 in a research report released on Monday morning,London Stock Exchange reports. They currently have a buy rating on the stock.

A number of other research analysts have also recently commented on the company. JPMorgan Chase & Co. increased their price target on Persimmon from GBX 1,520 to GBX 1,800 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 1,300 target price on shares of Persimmon in a report on Wednesday, March 11th. Jefferies Financial Group dropped their target price on 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. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 1,750 price target on shares of Persimmon in a research note on Wednesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft cut Persimmon to a “hold” rating and set a GBX 1,419 price target on the stock. in a report on Thursday, January 15th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Persimmon presently has an average rating of “Moderate Buy” and an average price target of GBX 1,528.

Persimmon Stock Down 0.2%

PSN stock opened at GBX 1,073 on Monday. The stock has a market capitalization of £3.44 billion, a P/E ratio of 13.53, a price-to-earnings-growth ratio of 0.83 and a beta of 1.32. The company has a current ratio of 3.99, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of GBX 1,363.27 and a 200-day moving average price of GBX 1,292.30. Persimmon has a 12 month low of GBX 1,030.50 and a 12 month high of GBX 1,552.

Persimmon (LON:PSN) last issued its earnings results on Tuesday, March 10th. The company reported GBX 100.70 earnings per share for the quarter. Persimmon had a net margin of 7.62% and a return on equity of 8.05%. As a group, equities research analysts anticipate that Persimmon will post 98.2810615 EPS for the current fiscal year.

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.