Berenberg Bank Lowers Persimmon (LON:PSN) Price Target to GBX 1,300

Persimmon (LON:PSN) had its target price lowered by Berenberg Bank from GBX 1,450 to GBX 1,300 in a research report sent to investors on Monday, MarketBeat reports. Berenberg Bank currently has a hold rating on the stock.

A number of other brokerages have also commented on PSN. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 1,375 price target on shares of Persimmon in a report on Wednesday, August 13th. Citigroup lowered their price target on Persimmon from GBX 1,573 to GBX 1,530 and set a “buy” rating on the stock in a report on Thursday, August 14th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Persimmon presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,431.25.

Persimmon Price Performance

Shares of PSN opened at GBX 1,123.50 on Monday. The firm has a market capitalization of £3.61 billion, a price-to-earnings ratio of 14.07, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The company has a debt-to-equity ratio of 4.91, a quick ratio of 1.04 and a current ratio of 4.09. Persimmon has a one year low of GBX 1,047 and a one year high of GBX 1,721.80. The stock’s fifty day moving average is GBX 1,218.54 and its 200-day moving average is GBX 1,236.17.

Persimmon (LON:PSN) last issued its quarterly earnings results on Wednesday, August 13th. The company reported GBX 36.80 EPS for the quarter. Persimmon had a return on equity of 7.51% and a net margin of 8.84%. Equities analysts anticipate that Persimmon will post 98.2810615 EPS for the current year.

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.