Persimmon (LON:PSN) Rating Increased to Sector Perform at Royal Bank Of Canada

Persimmon (LON:PSN - Get Free Report) was upgraded by analysts at Royal Bank Of Canada to a "sector perform" rating in a report issued on Wednesday, MarketBeat reports. The firm currently has a GBX 1,375 ($18.55) price objective on the stock, up from their previous price objective of GBX 1,325 ($17.87). Royal Bank Of Canada's price target would indicate a potential upside of 13.59% from the company's previous close.

Separately, Berenberg Bank reissued a "hold" rating on shares of Persimmon in a report on Wednesday, March 12th.

Persimmon Price Performance

LON PSN traded down GBX 25.50 ($0.34) on Wednesday, hitting GBX 1,210.50 ($16.33). The company had a trading volume of 755,205 shares, compared to its average volume of 5,326,450. The company has a market capitalization of £3.89 billion, a PE ratio of 15.16, a PEG ratio of 0.83 and a beta of 1.37. The company's fifty day moving average price is GBX 1,321.68 and its 200-day moving average price is GBX 1,242.21. The company has a debt-to-equity ratio of 4.91, a current ratio of 4.09 and a quick ratio of 1.04. Persimmon has a 12-month low of GBX 1,047 ($14.12) and a 12-month high of GBX 1,721.80 ($23.23).

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.