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

Key Points

• Consensus "Moderate Buy": Nine analysts cover Persimmon with seven "buy" and two "hold" ratings, and the average 1-year price target is GBX 1,528.
• Share performance and valuation: the stock opened at GBX 1,152 (1-year range GBX 1,030.50–1,552), with a market cap of £3.70 billion and a P/E of 13.06.
• Recent results and forecasts: Persimmon reported GBX 100.70 EPS for the latest quarter, has a return on equity of 8.05%, and analysts forecast roughly GBX 98.28 EPS for the current year.

Shares of Persimmon Plc (LON:PSN - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the nine ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is GBX 1,528.

A number of equities analysts have issued reports on PSN shares. Citigroup boosted their price objective on shares of Persimmon from GBX 1,613 to GBX 1,615 and gave the company a "buy" rating in a research report on Wednesday, January 14th. Royal Bank Of Canada restated an "outperform" rating and issued a GBX 1,750 price objective on shares of Persimmon in a research report on Wednesday, March 11th. Jefferies Financial Group decreased their price objective on shares of Persimmon from GBX 1,819 to GBX 1,792 and set a "buy" rating on the stock in a research report on Wednesday, March 11th. Bank of America decreased their price objective on shares of Persimmon from GBX 1,600 to GBX 1,300 and set a "buy" rating on the stock in a research report on Monday, March 30th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Persimmon to a "hold" rating and set a GBX 1,419 price objective on the stock. in a research report on Thursday, January 15th.

Persimmon Price Performance

PSN opened at GBX 1,152 on Friday. The stock's 50 day simple moving average is GBX 1,308.27 and its 200 day simple moving average is GBX 1,291.66. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.99 and a quick ratio of 1.04. Persimmon has a 1 year low of GBX 1,030.50 and a 1 year high of GBX 1,552. The firm has a market cap of £3.70 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 0.83 and a beta of 1.45.

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

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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