Persimmon (LON:PSN – Get Free Report)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Financial Group in a research note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 1,590 target price on the stock. Jefferies Financial Group‘s target price suggests a potential upside of 24.51% from the stock’s current price.
Other research analysts have also recently issued research reports about the company. Citigroup decreased their price target on Persimmon from £161.50 to £128 and set a “buy” rating on the stock in a research report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft cut 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 report on Friday, August 7th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,350 price objective on shares of Persimmon in a research note on Friday, August 7th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,564.30.
Read Our Latest Analysis on PSN
Persimmon Price Performance
Persimmon stock traded up GBX 15 during mid-day trading on Wednesday, reaching GBX 1,277. 132,705,984 shares of the company were exchanged, compared to its average volume of 11,517,380. The company has a fifty day simple moving average of GBX 1,191.18 and a 200-day simple moving average of GBX 1,126.88. Persimmon has a 12 month low of GBX 947.40 and a 12 month high of GBX 1,552. The company has a debt-to-equity ratio of 8.08, a current ratio of 4.21 and a quick ratio of 1.04. The firm has a market cap of £4.10 billion, a PE ratio of 13.56, a PEG ratio of 0.83 and a beta of 1.40.
Persimmon (LON:PSN – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported GBX 38 earnings per share for the quarter. Persimmon had a return on equity of 8.45% and a net margin of 7.68%. As a group, equities research analysts expect that Persimmon will post 98.28 earnings per share for the current fiscal year.
Insider Transactions at Persimmon
In other Persimmon news, insider Andrew Duxbury sold 26,105 shares of the business’s stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of GBX 1,320, for a total transaction 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.
Recommended Stories
- Five stocks we like better than Persimmon
- Newmont’s Record Quarter Shows Why Gold’s Floor Is the Real Story
- Albemarle Upgrade: Can Energy Storage Recharge Lithium’s Leader?
- Consumer Staples Are Up 12% This Year—These 3 Beverage Stocks Are Leading the Way
- Can Planet Fitness Get Its Growth Back in Shape?
Receive News & Ratings for Persimmon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Persimmon and related companies with MarketBeat.com's FREE daily email newsletter.
