Persimmon Plc (LON:PSN) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Persimmon has a “Moderate Buy” consensus rating: Nine of ten covering analysts recommend buying the stock, while one rates it a hold. The average 12-month price target is GBX 2,564.30.
• Several brokerages recently adjusted their price targets, including Deutsche Bank, JPMorgan, RBC, Citigroup, and Jefferies, while maintaining buy, overweight, or outperform ratings.
• Persimmon shares opened at GBX 1,237.50, with a 52-week range of GBX 947.40 to GBX 1,552. An insider sold 26,105 shares for approximately £344,586, and the company most recently reported quarterly EPS of GBX 38.

Shares of Persimmon Plc (LON:PSN - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the ten ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is GBX 2,564.30.

PSN has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on Persimmon from GBX 1,419 to GBX 1,403 and set a "buy" rating for the company in a research note on Friday, August 7th. JPMorgan Chase & Co. reduced their target price 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. Royal Bank Of Canada restated an "outperform" rating and set a GBX 1,350 target price on shares of Persimmon in a research report on Friday, August 7th. Citigroup lowered their price target on Persimmon from £161.50 to £128 and set a "buy" rating for the company in a research note on Tuesday, June 23rd. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a GBX 1,590 price target on shares of Persimmon in a research report on Monday, September 28th.

Insider Buying and Selling

In other Persimmon news, insider Andrew Duxbury sold 26,105 shares of the company's stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of GBX 1,320, for a total value of £344,586. Insiders own 2.62% of the company's stock.

Persimmon Price Performance

Shares of PSN stock opened at GBX 1,237.50 on Friday. Persimmon has a 52-week low of GBX 947.40 and a 52-week high of GBX 1,552. The stock has a market cap of £3.97 billion, a PE ratio of 13.14, a PEG ratio of 0.83 and a beta of 1.40. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.04 and a current ratio of 4.21. The firm's 50 day moving average price is GBX 1,161.98 and its two-hundred day moving average price is GBX 1,114.65.

Persimmon (LON:PSN - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported GBX 38 EPS for the quarter. Persimmon had a net margin of 7.68% and a return on equity of 8.45%. As a group, analysts forecast that Persimmon will post 98.2810615 EPS 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. Further, it offers concrete bricks and roof tile. Persimmon Plc was founded in 1972 and is headquartered in York, the United Kingdom.

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