Analysts Set Persimmon Plc (LON:PSN) Price Target at GBX 1,513

Shares of Persimmon Plc (LON:PSN) have been given an average rating of “Moderate Buy” by the eight brokerages that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 1,513.

PSN has been the subject of several recent analyst reports. The Goldman Sachs Group began coverage on Persimmon in a research report on Monday, November 24th. They issued a “buy” rating and a GBX 1,446 price target for the company. Peel Hunt reiterated a “buy” rating and set a GBX 1,330 price target on shares of Persimmon in a report on Thursday, November 13th. Jefferies Financial Group boosted their price objective on shares of Persimmon from GBX 1,815 to GBX 1,819 and gave the stock a “buy” rating in a report on Monday, January 19th. JPMorgan Chase & Co. upped their price objective on Persimmon from GBX 1,520 to GBX 1,800 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Finally, Citigroup lifted their target price on Persimmon from GBX 1,613 to GBX 1,615 and gave the stock a “buy” rating in a report on Wednesday, January 14th.

Persimmon Trading Down 0.1%

Persimmon stock opened at GBX 1,448 on Tuesday. Persimmon has a 12 month low of GBX 1,030.50 and a 12 month high of GBX 1,459. The company has a market capitalization of £4.64 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The business’s fifty day simple moving average is GBX 1,354.43 and its two-hundred day simple moving average is GBX 1,225.11. The company has a current ratio of 4.09, a quick ratio of 1.04 and a debt-to-equity ratio of 4.91.

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.