Persimmon (LON:PSN – Get Free Report)‘s stock had its “buy” rating reissued 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 objective on the stock. Jefferies Financial Group‘s target price would suggest a potential upside of 24.51% from the stock’s previous close.
Several other equities analysts have also commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 1,350 price objective on shares of Persimmon in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Persimmon from GBX 1,419 to GBX 1,403 and set a “buy” rating on the stock in a research note on Friday, August 7th. Finally, Citigroup dropped their target price 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 assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,564.30.
Read Our Latest Report on Persimmon
Persimmon Stock Up 1.2%
LON PSN opened at GBX 1,277 on Wednesday. The business’s 50-day moving average is GBX 1,191.18 and its 200 day moving average is GBX 1,126.88. Persimmon has a 1 year low of GBX 947.40 and a 1 year 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 stock has a market capitalization 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 results on Thursday, August 6th. The company reported GBX 38 earnings per share (EPS) for the quarter. Persimmon had a net margin of 7.68% and a return on equity of 8.45%. Sell-side analysts forecast that Persimmon will post 98.28 earnings per share for the current year.
Insider Activity
In related news, insider Andrew Duxbury sold 26,105 shares of Persimmon 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 value of £344,586. Corporate 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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