Persimmon Plc (LON:PSN) Stock Has Average Target Price of GBX 2,564.30 According to Analysts

Persimmon Plc (LON:PSN) has been given an average recommendation of “Moderate Buy” by the ten research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is GBX 2,564.30.

Several research analysts have commented on the company. Citigroup cut their target price on Persimmon from £161.50 to £128 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,590 price target on shares of Persimmon in a report on Monday, September 28th. JPMorgan Chase & Co. cut their price objective on Persimmon from GBX 1,800 to GBX 1,430 and set an “overweight” rating on the stock in a research report on Tuesday, June 16th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 1,350 price target on shares of Persimmon in a research note on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Persimmon from GBX 1,419 to GBX 1,403 and set a “buy” rating for the company in a report on Friday, August 7th.

Persimmon Stock Performance

Shares of LON:PSN opened at GBX 1,199 on Friday. The business has a fifty day moving average of GBX 1,172.90 and a 200-day moving average of GBX 1,116.51. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.04 and a current ratio of 4.21. Persimmon has a twelve month low of GBX 947.40 and a twelve month high of GBX 1,552. The firm has a market cap of £3.85 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 0.83 and a beta of 1.40.

Persimmon (LON:PSN) last issued 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%. On average, equities research analysts predict that Persimmon will post 98.28 EPS for the current fiscal year.

Insider Buying and Selling at Persimmon

In other Persimmon news, insider Andrew Duxbury sold 26,105 shares of the company’s stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of GBX 1,320, for a total transaction of £344,586. 2.64% of the stock is currently owned by company insiders.

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.