Persimmon Plc (LON:PSN) Receives GBX 1,474.17 Average Price Target from Analysts

Persimmon Plc (LON:PSN) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 1,474.17.

Several research firms have recently weighed in on PSN. Peel Hunt restated a “buy” rating and set a GBX 1,330 price objective on shares of Persimmon in a research report on Thursday, November 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 research report on Thursday, August 14th. Berenberg Bank reiterated a “hold” rating and issued a GBX 1,300 price objective on shares of Persimmon in a report on Tuesday, September 9th. Jefferies Financial Group decreased their price objective on Persimmon from GBX 1,801 to GBX 1,790 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 1,375 target price on shares of Persimmon in a research report on Wednesday, August 13th.

Insider Activity at Persimmon

In other Persimmon news, insider Andrew Duxbury sold 7,132 shares of the business’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of GBX 1,133, for a total value of £80,805.56. Corporate insiders own 2.63% of the company’s stock.

Persimmon Trading Up 0.2%

Shares of PSN opened at GBX 1,204 on Thursday. Persimmon has a 1-year low of GBX 1,030.50 and a 1-year high of GBX 1,418. The company has a market capitalization of £3.86 billion, a P/E ratio of 15.18, 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 current ratio of 4.09 and a quick ratio of 1.04. The firm’s 50 day simple moving average is GBX 1,177.39 and its 200 day simple moving average is GBX 1,213.78.

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.