Persimmon (LON:PSN – Get Free Report)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Financial Group in a report issued on Wednesday, Digital Look reports. They presently have a GBX 1,590 price target on the stock. Jefferies Financial Group‘s price objective would suggest a potential upside of 24.51% from the stock’s current price.
A number of other research analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their target price on 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 restated an “outperform” rating and set a GBX 1,350 price target on shares of Persimmon in a research note on Friday, August 7th. Finally, Citigroup reduced their price target on shares of Persimmon from £161.50 to £128 and set a “buy” rating for the company in a research report on Tuesday, June 23rd. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 2,564.30.
Check Out Our Latest Stock Report on Persimmon
Persimmon Stock Performance
Shares of LON PSN traded up GBX 15 during midday trading on Wednesday, hitting GBX 1,277. 132,705,984 shares of the stock traded hands, compared to its average volume of 11,517,380. The firm has a 50-day moving average of GBX 1,191.18 and a two-hundred day moving average of GBX 1,126.88. The firm has a market capitalization of £4.10 billion, a P/E ratio of 13.56, a PEG ratio of 0.83 and a beta of 1.40. 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 has a one year low of GBX 947.40 and a one year high of GBX 1,552.
Persimmon (LON:PSN – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported GBX 38 earnings per share (EPS) for the quarter. Persimmon had a return on equity of 8.45% and a net margin of 7.68%. On average, equities analysts forecast that Persimmon will post 98.28 EPS for the current fiscal year.
Insiders Place Their Bets
In other Persimmon news, insider Andrew Duxbury sold 26,105 shares of the business’s stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of GBX 1,320, for a total transaction of £344,586. Company insiders own 2.64% of the company’s stock.
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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