Persimmon plc (LON:PSN) Receives GBX 2,632.67 Average PT from Brokerages

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Persimmon plc (LON:PSN) has been given a consensus recommendation of “Buy” by the fourteen ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 2,632.67 ($34.40).

PSN has been the subject of a number of research reports. Peel Hunt reaffirmed a “hold” rating on shares of Persimmon in a report on Monday, August 19th. Liberum Capital reissued a “buy” rating on shares of Persimmon in a research note on Monday, July 15th. Berenberg Bank restated a “buy” rating and set a GBX 2,490 ($32.54) price target on shares of Persimmon in a research report on Thursday, August 29th. UBS Group reaffirmed a “buy” rating on shares of Persimmon in a research note on Thursday, August 22nd. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of Persimmon in a research note on Tuesday, August 13th.

PSN stock traded up GBX 53 ($0.69) during midday trading on Thursday, reaching GBX 1,951.50 ($25.50). The stock had a trading volume of 1,774,355 shares, compared to its average volume of 1,520,000. Persimmon has a 52-week low of GBX 1,802.50 ($23.55) and a 52-week high of GBX 2,490 ($32.54). The company has a current ratio of 2.85, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. The company’s fifty day simple moving average is GBX 1,936.39 and its 200 day simple moving average is GBX 2,093.82. The company has a market cap of $6.22 billion and a price-to-earnings ratio of 7.03.

Persimmon Company Profile

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers apartments and family homes under the Persimmon Homes brand name; executive housing under the Charles Church brand; and social housing under the Westbury Partnerships brand name. It also provides broadband services.

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Analyst Recommendations for Persimmon (LON:PSN)

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