Persimmon’s (PSN) Hold Rating Reaffirmed at Berenberg Bank

Persimmon (LON:PSN)‘s stock had its “hold” rating restated by investment analysts at Berenberg Bank in a note issued to investors on Wednesday,Digital Look reports.

Separately, JPMorgan Chase & Co. cut their price target on Persimmon from GBX 1,640 ($21.24) to GBX 1,520 ($19.69) and set an “overweight” rating for the company in a report on Thursday, December 5th.

Persimmon Stock Performance

Shares of LON PSN opened at GBX 1,166.50 ($15.11) on Wednesday. The company has a debt-to-equity ratio of 4.91, a quick ratio of 1.04 and a current ratio of 4.09. The business’s 50-day simple moving average is GBX 1,201.72 and its 200-day simple moving average is GBX 1,373.38. The firm has a market cap of £3.75 billion, a price-to-earnings ratio of 14.61, a P/E/G ratio of 0.83 and a beta of 1.37. Persimmon has a 52 week low of GBX 1,047 ($13.56) and a 52 week high of GBX 1,721.80 ($22.30).

Persimmon (LON:PSN) last issued its quarterly earnings results on Tuesday, March 11th. The company reported GBX 92.10 ($1.19) earnings per share (EPS) for the quarter. Persimmon had a return on equity of 7.51% and a net margin of 8.84%. As a group, equities research analysts expect that Persimmon will post 98.2810615 earnings per share 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.