Persimmon Plc (LON:PSN) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Moderate Buy consensus: 10 analysts cover Persimmon with eight "buy" and two "hold" ratings, and an average 12‑month price target of GBX 1,524.50, implying material upside versus current levels.
• Current trading and valuation: shares opened at GBX 1,101, market cap £3.53bn, P/E 12.48, with a 12‑month range of GBX 1,027–1,552 and the 50/200‑day SMAs at GBX 1,189.64/1,288.58.
• Analyst moves and results: a mix of upgrades and downgrades (e.g., Deutsche Bank cut to "hold" at GBX 1,419 while Citi and RBC raised targets to GBX 1,615 and GBX 1,750), and the company reported quarterly EPS of GBX 100.70 with ROE 8.05% and a net margin of 7.62%.

Shares of Persimmon Plc (LON:PSN - Get Free Report) have earned an average rating of "Moderate Buy" from the ten analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 1,524.50.

PSN has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut Persimmon to a "hold" rating and set a GBX 1,419 target price on the stock. in a report on Thursday, January 15th. Citigroup boosted their target price on Persimmon from GBX 1,613 to GBX 1,615 and gave the company a "buy" rating in a research note on Wednesday, January 14th. Berenberg Bank reiterated a "hold" rating and set a GBX 1,300 price target on shares of Persimmon in a research note on Wednesday, March 11th. Panmure Gordon reiterated a "buy" rating and set a GBX 1,694 price target on shares of Persimmon in a research note on Friday, May 1st. Finally, Royal Bank Of Canada restated an "outperform" rating and set a GBX 1,750 target price on shares of Persimmon in a research note on Wednesday, March 11th.

Persimmon Trading Up 0.1%

Shares of LON PSN opened at GBX 1,101 on Thursday. The company has a market cap of £3.53 billion, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 0.83 and a beta of 1.45. Persimmon has a 12-month low of GBX 1,027 and a 12-month high of GBX 1,552. The company has a current ratio of 3.99, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46. The stock's 50 day simple moving average is GBX 1,189.64 and its 200 day simple moving average is GBX 1,288.58.

Persimmon (LON:PSN - Get Free Report) last announced its earnings results on Tuesday, March 10th. The company reported GBX 100.70 earnings per share for the quarter. Persimmon had a return on equity of 8.05% and a net margin of 7.62%. Equities research analysts expect that Persimmon will post 98.2810615 EPS for the current 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. 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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