Persimmon (LON:PSN) Receives "Sector perform" Rating from Royal Bank Of Canada

Key Points

• Royal Bank Of Canada has reiterated a "sector perform" rating for Persimmon with a price target of GBX 1,375, indicating a potential upside of 25.06%.
• Citigroup has lowered its price target for Persimmon from GBX 1,573 to GBX 1,530 while maintaining a "buy" rating.
• Persimmon's stock recently traded at GBX 1,099.50, and the company reported earnings of GBX 36.80 per share in its latest quarterly results.

Persimmon (LON:PSN - Get Free Report)'s stock had its "sector perform" rating restated by research analysts at Royal Bank Of Canada in a research report issued on Wednesday, MarketBeat reports. They currently have a GBX 1,375 ($18.64) target price on the stock. Royal Bank Of Canada's price objective would indicate a potential upside of 25.74% from the stock's current price.

Separately, Citigroup reduced their price target on shares of Persimmon from GBX 1,573 ($21.32) to GBX 1,530 ($20.74) and set a "buy" rating on the stock in a report on Thursday.

Persimmon Stock Performance

PSN opened at GBX 1,093.50 ($14.82) on Wednesday. The stock has a market cap of £3.51 billion, a P/E ratio of 13.69, a P/E/G ratio of 0.83 and a beta of 1.37. The company has a debt-to-equity ratio of 4.91, a current ratio of 4.09 and a quick ratio of 1.04. The stock's 50 day simple moving average is GBX 1,233.09 and its 200 day simple moving average is GBX 1,239.28. Persimmon has a 1-year low of GBX 1,047 ($14.19) and a 1-year high of GBX 1,721.80 ($23.34).

Persimmon (LON:PSN - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The company reported GBX 36.80 ($0.50) earnings per share for the quarter. Persimmon had a return on equity of 7.51% and a net margin of 8.84%. As a group, equities 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.