Persimmon Plc (LON:PSN – Get Free Report) has received an average rating of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 2,606.
A number of equities research analysts have weighed in on PSN shares. Berenberg Bank restated a “hold” rating and set a GBX 1,300 price objective on shares of Persimmon in a research note on Wednesday, March 11th. Bank of America lowered their price objective on Persimmon from GBX 1,600 to GBX 1,300 and set a “buy” rating for the company in a research note on Monday, March 30th. Jefferies Financial Group restated a “buy” rating and set a GBX 1,591 price objective on shares of Persimmon in a research note on Thursday, April 30th. JPMorgan Chase & Co. lowered their price objective on Persimmon from GBX 1,800 to GBX 1,430 and set an “overweight” rating for the company in a research note on Tuesday, June 16th. Finally, Panmure Gordon restated a “buy” rating and set a GBX 1,694 price objective on shares of Persimmon in a research note on Friday, May 1st.
View Our Latest Stock Analysis on Persimmon
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Persimmon Stock Performance
Shares of LON:PSN opened at GBX 1,050.50 on Friday. The company has a market cap of £3.37 billion, a P/E ratio of 11.91, a PEG ratio of 0.83 and a beta of 1.40. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 3.99. Persimmon has a one year low of GBX 1,011.50 and a one year high of GBX 1,552. The business’s 50-day simple moving average is GBX 1,077.98 and its 200 day simple moving average is GBX 1,238.03.
About Persimmon
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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