Persimmon Plc (LON:PSN) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Persimmon Plc (LON:PSNGet Rating) have earned an average rating of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 1,977.83 ($23.39).

PSN has been the topic of several analyst reports. Berenberg Bank cut Persimmon to a “hold” rating and reduced their target price for the company from GBX 3,440 ($40.68) to GBX 1,700 ($20.10) in a report on Monday, September 12th. JPMorgan Chase & Co. cut their price target on Persimmon from GBX 2,530 ($29.92) to GBX 2,150 ($25.42) and set an “overweight” rating on the stock in a report on Wednesday, November 9th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Persimmon from GBX 2,854 ($33.75) to GBX 1,207 ($14.27) and set a “hold” rating on the stock in a report on Thursday, October 20th.

Persimmon Stock Performance

Shares of PSN stock opened at GBX 1,296.50 ($15.33) on Wednesday. The business’s 50 day simple moving average is GBX 1,293.56 and its 200 day simple moving average is GBX 1,668.70. Persimmon has a one year low of GBX 1,113.50 ($13.17) and a one year high of GBX 2,930 ($34.65). The stock has a market capitalization of £4.14 billion and a PE ratio of 566.16. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.66 and a quick ratio of 1.04.

About Persimmon

(Get Rating)

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; executive housing under the Charles Church brand name; 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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