Persimmon (LON:PSN) Stock Price Up 4.8% - Time to Buy?

Persimmon Plc (LON:PSN - Get Free Report)'s stock price rose 4.8% during mid-day trading on Thursday . The stock traded as high as GBX 1,259.50 ($16.83) and last traded at GBX 1,235.52 ($16.51). Approximately 3,521,186 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 4,458,733 shares. The stock had previously closed at GBX 1,179 ($15.75).

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PSN. Royal Bank Of Canada reiterated a "sector perform" rating and set a GBX 1,375 target price on shares of Persimmon in a research note on Wednesday, August 13th. Berenberg Bank reiterated a "hold" rating and set a GBX 1,300 target price on shares of Persimmon in a research note on Tuesday, September 9th. Citigroup dropped their price objective on Persimmon from GBX 1,573 to GBX 1,530 and set a "buy" rating for the company in a research report on Thursday, August 14th. Finally, Jefferies Financial Group dropped their price objective on Persimmon from GBX 1,801 to GBX 1,790 and set a "buy" rating for the company in a research report on Tuesday, October 7th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Persimmon presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 1,503.

Persimmon Trading Down 0.3%

The company has a current ratio of 4.09, a quick ratio of 1.04 and a debt-to-equity ratio of 4.91. The firm has a market capitalization of £4.00 billion, a P/E ratio of 15.75, a P/E/G ratio of 0.83 and a beta of 1.37. The firm has a 50-day moving average of GBX 1,121.10 and a two-hundred day moving average of GBX 1,209.80.

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

Insider Transactions at Persimmon

In other Persimmon news, insider Andrew Duxbury sold 7,132 shares of the company's stock in a transaction dated Monday, September 29th. The stock was sold at an average price of GBX 1,133, for a total value of £80,805.56. 2.63% of the stock is currently owned by insiders.

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.

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