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

Key Points

• Analysts give Persimmon a “Moderate Buy” consensus: Nine of ten analysts recommend buying the stock, while one advises holding it. The average 12-month price target is GBX 2,564.30.
• Persimmon opened at GBX 1,187, with a 52-week range of GBX 947.40 to GBX 1,552 and a market capitalization of approximately £3.81 billion.
• The company reported quarterly EPS of GBX 38, a 7.68% net margin, and an 8.45% return on equity. Insider Dean K. Finch sold 60,000 shares for £671,400, while insiders retain a 2.63% ownership stake.

Shares of Persimmon Plc (LON:PSN - Get Free Report) have been given an average recommendation of "Moderate Buy" by the ten analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is GBX 2,564.30.

Several research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Persimmon from GBX 1,419 to GBX 1,403 and set a "buy" rating on the stock in a report on Friday, August 7th. Panmure Gordon reissued a "buy" rating and set a GBX 1,694 price target on shares of Persimmon in a research report on Friday, May 1st. Royal Bank Of Canada reissued an "outperform" rating and set a GBX 1,350 price target on shares of Persimmon in a research report on Friday, August 7th. Citigroup lowered their price objective on Persimmon from £161.50 to £128 and set a "buy" rating on the stock in a research note on Tuesday, June 23rd. Finally, Jefferies Financial Group dropped their price objective on Persimmon from GBX 1,591 to GBX 1,590 and set a "buy" rating for the company in a report on Wednesday.

Persimmon Price Performance

LON:PSN opened at GBX 1,187 on Friday. Persimmon has a 52 week low of GBX 947.40 and a 52 week high of GBX 1,552. The firm has a market cap of £3.81 billion, a price-to-earnings ratio of 13.46, a P/E/G ratio of 0.83 and a beta of 1.40. The firm's 50-day simple moving average is GBX 1,085.81 and its 200 day simple moving average is GBX 1,178.05. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.04 and a current ratio of 4.21.

Persimmon (LON:PSN - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported GBX 38 earnings per share (EPS) for the quarter. Persimmon had a net margin of 7.68% and a return on equity of 8.45%. As a group, sell-side analysts predict that Persimmon will post 98.2810615 earnings per share for the current year.

Insider Activity at Persimmon

In related news, insider Dean K. Finch sold 60,000 shares of the firm's stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of GBX 1,119, for a total value of £671,400. Insiders own 2.63% of the company's stock.

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. 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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