Berenberg Bank Lowers Persimmon (LON:PSN) Price Target to GBX 1,300

Persimmon (LON:PSN - Get Free Report) had its target price reduced by investment analysts at Berenberg Bank from GBX 1,450 to GBX 1,300 in a note issued to investors on Monday, Marketbeat.com reports. The firm currently has a "hold" rating on the stock. Berenberg Bank's target price would suggest a potential upside of 14.89% from the stock's previous close.

Several other research firms have also recently commented on PSN. Royal Bank Of Canada restated a "sector perform" rating and issued a GBX 1,375 target price on shares of Persimmon in a research report on Wednesday, August 13th. Citigroup decreased their price objective on shares of Persimmon from GBX 1,573 to GBX 1,530 and set a "buy" rating for the company in a report on Thursday, August 14th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Persimmon currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 1,431.25.

Persimmon Stock Performance

LON PSN traded up GBX 28.50 on Monday, hitting GBX 1,131.50. The stock had a trading volume of 994,335 shares, compared to its average volume of 4,566,595. Persimmon has a one year low of GBX 1,047 and a one year high of GBX 1,721.80. The company has a quick ratio of 1.04, a current ratio of 4.09 and a debt-to-equity ratio of 4.91. The stock has a market cap of £3.64 billion, a price-to-earnings ratio of 14.17, a P/E/G ratio of 0.83 and a beta of 1.37. The company's 50-day moving average is GBX 1,212.50 and its two-hundred day moving average is GBX 1,234.98.

Persimmon (LON:PSN - Get Free Report) last posted its earnings results on Wednesday, August 13th. The company reported GBX 36.80 EPS for the quarter. Persimmon had a net margin of 8.84% and a return on equity of 7.51%. On average, analysts expect 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.