Persimmon (LON:PSN – Get Free Report)‘s stock had its “buy” rating reaffirmed by equities research analysts at Jefferies Financial Group in a research note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 1,590 price target on the stock. Jefferies Financial Group‘s price target points to a potential upside of 24.51% from the company’s current price.
PSN has been the topic of several other reports. 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. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Persimmon from GBX 1,419 to GBX 1,403 and set a “buy” rating for the company in a research note on Friday, August 7th. Finally, Citigroup decreased their price objective on Persimmon from £161.50 to £128 and set a “buy” rating for the company in a report on Tuesday, June 23rd. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,564.30.
Persimmon Stock Up 1.2%
Shares of PSN stock traded up GBX 15 during trading on Wednesday, reaching GBX 1,277. The company’s stock had a trading volume of 132,705,984 shares, compared to its average volume of 11,517,380. The business 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 quick ratio of 1.04, a current ratio of 4.21 and a debt-to-equity ratio of 8.08. The company has a market cap of £4.10 billion, a price-to-earnings ratio of 13.56, a price-to-earnings-growth 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.
Persimmon (LON:PSN – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported GBX 38 EPS 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 Activity at Persimmon
In other news, insider Andrew Duxbury sold 26,105 shares of the stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of GBX 1,320, for a total value of £344,586. 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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