Persimmon (LON:PSN) Sets New 52-Week High – Should You Buy?

Shares of Persimmon Plc (LON:PSN) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 1,418 and last traded at GBX 1,403.50, with a volume of 1758896 shares trading hands. The stock had previously closed at GBX 1,392.53.

Analyst Ratings Changes

Several research analysts have issued reports on PSN shares. JPMorgan Chase & Co. lifted their price target on shares of Persimmon from GBX 1,520 to GBX 1,800 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Peel Hunt reissued a “buy” rating and set a GBX 1,330 price objective on shares of Persimmon in a research note on Thursday, November 13th. Jefferies Financial Group cut their target price on Persimmon from GBX 1,801 to GBX 1,790 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Finally, The Goldman Sachs Group initiated coverage on Persimmon in a report on Monday, November 24th. They set a “buy” rating and a GBX 1,446 target price for the company. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,510.14.

Persimmon Stock Performance

The firm’s 50 day simple moving average is GBX 1,307.20 and its 200-day simple moving average is GBX 1,209.58. The company has a market capitalization of £4.50 billion, a price-to-earnings ratio of 17.70, a P/E/G 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.

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.