Persimmon Plc (LON:PSN) Stock Has Average Price Target of GBX 2,564.30 According to Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Persimmon, with nine buy ratings and one hold. The average 12-month price target is GBX 2,564.30.
• Persimmon shares opened at GBX 1,239.50, with a 52-week range of GBX 947.40 to GBX 1,552 and a market capitalization of approximately £3.98 billion.
• The company reported quarterly earnings of GBX 38 per share, a 7.68% net margin, and an 8.45% return on equity; analysts expect full-year EPS of GBX 98.28.

Persimmon Plc (LON:PSN - Get Free Report) has earned a consensus rating of "Moderate Buy" from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 2,564.30.

Several research analysts have commented on PSN shares. Jefferies Financial Group restated a "buy" rating and set a GBX 1,590 price objective on shares of Persimmon in a research report on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft cut their target price 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. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 1,350 target price on shares of Persimmon in a report on Friday, August 7th.

Persimmon Stock Up 0.7%

PSN stock opened at GBX 1,239.50 on Thursday. Persimmon has a 52 week low of GBX 947.40 and a 52 week high of GBX 1,552. The business has a 50-day simple moving average of GBX 1,199.17 and a 200 day simple moving average of GBX 1,194.60. The company has a quick ratio of 1.04, a current ratio of 4.21 and a debt-to-equity ratio of 8.08. The company has a market cap of £3.98 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 0.83 and a beta of 1.40.

Persimmon (LON:PSN - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported GBX 38 earnings per share for the quarter. Persimmon had a net margin of 7.68% and a return on equity of 8.45%. Sell-side analysts anticipate that Persimmon will post 98.28 EPS for the current fiscal year.

Insider Activity at Persimmon

In related news, insider Andrew Duxbury sold 26,105 shares of the company's stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of GBX 1,320, for a total transaction of £344,586. Company insiders own 2.64% of the company's stock.

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.

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