Persimmon plc (LON:PSN) Given Consensus Recommendation of “Buy” by Analysts

Persimmon plc (LON:PSN) has earned an average recommendation of “Buy” from the fourteen analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is GBX 2,632.67 ($34.40).

PSN has been the topic of a number of recent analyst reports. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 2,720 ($35.54) price target on shares of Persimmon in a research report on Tuesday, August 20th. Deutsche Bank started coverage on Persimmon in a research report on Wednesday, September 4th. They issued a “buy” rating and a GBX 2,386 ($31.18) price objective for the company. Berenberg Bank reissued a “buy” rating and issued a GBX 2,490 ($32.54) price objective on shares of Persimmon in a research report on Thursday, August 29th. Jefferies Financial Group restated a “hold” rating on shares of Persimmon in a research note on Tuesday, June 25th. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of Persimmon in a research report on Tuesday, August 13th.

PSN traded up GBX 53 ($0.69) during trading on Thursday, hitting 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. The stock has a 50 day simple moving average of GBX 1,936.39 and a two-hundred day simple moving average of GBX 2,093.82. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 2.85. Persimmon has a twelve month low of GBX 1,802.50 ($23.55) and a twelve month high of GBX 2,490 ($32.54). The company has a market capitalization of $6.22 billion and a PE 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.

Further Reading: Outstanding Shares

Analyst Recommendations for Persimmon (LON:PSN)

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