Persimmon (LON:PSN) Earns "Hold" Rating from Berenberg Bank

Persimmon (LON:PSN - Get Free Report)'s stock had its "hold" rating restated by research analysts at Berenberg Bank in a note issued to investors on Wednesday,Digital Look reports.

Separately, JPMorgan Chase & Co. reduced their target price on Persimmon from GBX 1,640 ($21.30) to GBX 1,520 ($19.74) and set an "overweight" rating for the company in a report on Thursday, December 5th.

Persimmon Stock Up 0.9 %

Shares of PSN traded up GBX 11 ($0.14) during trading hours on Wednesday, hitting GBX 1,189.50 ($15.45). The company had a trading volume of 1,369,480 shares, compared to its average volume of 9,466,237. The firm has a fifty day moving average price of GBX 1,203.06 and a 200-day moving average price of GBX 1,364.06. The stock has a market capitalization of £3.82 billion, a price-to-earnings ratio of 14.89, a P/E/G ratio of 0.83 and a beta of 1.37. Persimmon has a 52-week low of GBX 1,047 ($13.60) and a 52-week high of GBX 1,721.80 ($22.36). The company has a debt-to-equity ratio of 4.91, a quick ratio of 1.04 and a current ratio of 4.09.

Persimmon (LON:PSN - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The company reported GBX 92.10 ($1.20) earnings per share for the quarter. Persimmon had a net margin of 8.84% and a return on equity of 7.51%. On average, equities research analysts forecast that Persimmon will post 98.2810615 EPS for the current fiscal year.

Persimmon Company Profile

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.