Berenberg Bank Reiterates "Hold" Rating for Persimmon (LON:PSN)

Key Points

• Berenberg Bank has reaffirmed a "hold" rating for Persimmon with a price target of GBX 1,300, indicating a potential upside of 18.99% based on the company's previous close.
• Persimmon's stock has experienced a trading decline of 0.7%, currently priced at GBX 1,092.50, with a market cap of £3.50 billion.
• The company reported an earnings per share (EPS) of GBX 36.80 in its latest quarterly results and has an average analyst rating of "Moderate Buy" with a target of GBX 1,431.25.

Persimmon (LON:PSN - Get Free Report)'s stock had its "hold" rating restated by investment analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday, Marketbeat reports. They presently have a GBX 1,300 price objective on the stock. Berenberg Bank's target price would suggest a potential upside of 19.49% from the stock's current price.

PSN has been the topic of a number of other reports. Royal Bank Of Canada reiterated a "sector perform" rating and set a GBX 1,375 price target on shares of Persimmon in a report on Wednesday, August 13th. Citigroup dropped their price target on Persimmon from GBX 1,573 to GBX 1,530 and set a "buy" rating on the stock in a report on Thursday, August 14th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,431.25.

Persimmon Stock Down 0.1%

Shares of PSN stock traded down GBX 1 during trading hours on Tuesday, reaching GBX 1,088. The company had a trading volume of 690,717 shares, compared to its average volume of 4,962,845. Persimmon has a 12 month low of GBX 1,030.50 and a 12 month high of GBX 1,721.80. 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 business has a fifty day simple moving average of GBX 1,136.96 and a 200-day simple moving average of GBX 1,218.03. The company has a market cap of £3.48 billion, a price-to-earnings ratio of 1,372.01, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37.

Persimmon (LON:PSN - Get Free Report) last posted its earnings results on Wednesday, August 13th. The company reported GBX 36.80 earnings per share for the quarter. Persimmon had a return on equity of 7.51% and a net margin of 8.84%. On average, research analysts expect that Persimmon will post 98.2810615 earnings per share for the current fiscal 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.