Persimmon Plc (LON:PSN) Receives GBX 2,606 Average PT from Analysts

Shares of Persimmon Plc (LON:PSN) have received a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is GBX 2,606.

PSN has been the subject of a number of research analyst reports. Bank of America lowered their price target on Persimmon from GBX 1,600 to GBX 1,300 and set a “buy” rating for the company in a report on Monday, March 30th. Citigroup reduced their target price on shares of Persimmon from £161.50 to £128 and set a “buy” rating for the company in a report on Tuesday, June 23rd. JPMorgan Chase & Co. lowered their price target on Persimmon from GBX 1,800 to GBX 1,430 and set an “overweight” rating on the stock in a report on Tuesday, June 16th. Panmure Gordon restated a “buy” rating and issued a GBX 1,694 price target on shares of Persimmon in a research report on Friday, May 1st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,591 price objective on shares of Persimmon in a research note on Thursday, April 30th.

Insiders Place Their Bets

In related news, insider Dean K. Finch sold 60,000 shares of Persimmon stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of GBX 1,119, for a total value of £671,400. 2.63% of the stock is currently owned by company insiders.

Persimmon Price Performance

Persimmon stock opened at GBX 1,079 on Tuesday. The company has a fifty day simple moving average of GBX 1,065.71 and a 200-day simple moving average of GBX 1,204.98. The stock has a market cap of £3.46 billion, a P/E ratio of 12.23, a price-to-earnings-growth ratio of 0.83 and a beta of 1.39. Persimmon has a 12-month low of GBX 947.40 and a 12-month high of GBX 1,552. The company has a current ratio of 3.99, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46.

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.