Persimmon Plc (LON:PSN) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Persimmon Plc (LON:PSN) have earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 1,513.

A number of brokerages recently weighed in on PSN. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,330 price objective on shares of Persimmon in a research report on Thursday, November 13th. Citigroup lifted their price objective on shares of Persimmon from GBX 1,613 to GBX 1,615 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Jefferies Financial Group increased their target price on shares of Persimmon from GBX 1,815 to GBX 1,819 and gave the company a “buy” rating in a research report on Monday, January 19th. JPMorgan Chase & Co. raised their target price on shares of Persimmon from GBX 1,520 to GBX 1,800 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Finally, The Goldman Sachs Group began coverage on Persimmon in a research report on Monday, November 24th. They set a “buy” rating and a GBX 1,446 price target on the stock.

Persimmon Stock Up 1.0%

Shares of LON PSN opened at GBX 1,536.50 on Friday. Persimmon has a 12-month low of GBX 1,030.50 and a 12-month high of GBX 1,552. The stock’s fifty day simple moving average is GBX 1,419.35 and its two-hundred day simple moving average is GBX 1,267.71. The stock has a market capitalization of £4.93 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. 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.