Persimmon (LON:PSN – Get Free Report)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Financial Group in a research note issued on Wednesday, Digital Look reports. They currently have a GBX 1,590 price target on the stock. Jefferies Financial Group‘s target price would indicate a potential upside of 24.51% from the stock’s previous close.
Other research analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft dropped their price objective 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. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 1,350 target price on shares of Persimmon in a research report on Friday, August 7th. Finally, Citigroup decreased their target price on Persimmon from £161.50 to £128 and set a “buy” rating on the stock in a research report on Tuesday, June 23rd. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,564.30.
Read Our Latest Report on Persimmon
Persimmon Price Performance
LON:PSN opened at GBX 1,277 on Wednesday. The stock has a market cap of £4.10 billion, a P/E ratio of 13.56, a PEG ratio of 0.83 and a beta of 1.40. Persimmon has a one year low of GBX 947.40 and a one year high of GBX 1,552. The company has a fifty day moving average price of GBX 1,191.18 and a 200 day moving average price of GBX 1,126.88. The company has a debt-to-equity ratio of 8.08, a current ratio of 4.21 and a quick ratio of 1.04.
Persimmon (LON:PSN – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported GBX 38 earnings per share for the quarter. Persimmon had a net margin of 7.68% and a return on equity of 8.45%. Analysts anticipate that Persimmon will post 98.28 earnings per share for the current year.
Insider Transactions at Persimmon
In related news, insider Andrew Duxbury sold 26,105 shares of the stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of GBX 1,320, for a total value of £344,586. 2.64% of the stock is owned by company insiders.
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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