Persimmon’s (PSN) Sector perform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada restated their sector perform rating on shares of Persimmon (LON:PSN) in a report released on Wednesday morning, MarketBeat Ratings reports. They currently have a GBX 1,375 ($18.64) price objective on the stock.

Separately, Citigroup dropped their target price on Persimmon from GBX 1,573 ($21.32) to GBX 1,530 ($20.74) and set a “buy” rating on the stock in a report on Thursday.

Persimmon Price Performance

Shares of LON:PSN opened at GBX 1,093.50 ($14.82) on Wednesday. Persimmon has a 12 month low of GBX 1,047 ($14.19) and a 12 month high of GBX 1,721.80 ($23.34). The stock has a market cap of £3.51 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 0.83 and a beta of 1.37. The stock’s 50 day moving average price is GBX 1,233.09 and its 200 day moving average price is GBX 1,239.28. The company has a debt-to-equity ratio of 4.91, a current ratio of 4.09 and a quick ratio of 1.04.

Persimmon (LON:PSN) last announced its earnings results on Wednesday, August 13th. The company reported GBX 36.80 ($0.50) EPS for the quarter. Persimmon had a return on equity of 7.51% and a net margin of 8.84%. Equities research analysts anticipate that Persimmon will post 98.2810615 earnings per share for the current fiscal year.

About Persimmon

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.