Persimmon’s (PSN) “Hold” Rating Reiterated at Berenberg Bank

Berenberg Bank restated their hold rating on shares of Persimmon (LON:PSNFree Report) in a research note published on Wednesday,Digital Look reports.

Separately, JPMorgan Chase & Co. cut their price objective on shares of Persimmon from GBX 1,640 ($21.21) to GBX 1,520 ($19.66) and set an “overweight” rating on the stock in a report on Thursday, December 5th.

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Persimmon Stock Up 1.0 %

Shares of LON:PSN opened at GBX 1,178.50 ($15.24) on Wednesday. The firm has a market capitalization of £3.79 billion, a P/E ratio of 14.76, a P/E/G ratio of 0.83 and a beta of 1.37. 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 stock has a 50 day moving average price of GBX 1,202.50 and a 200-day moving average price of GBX 1,372.03. Persimmon has a 52-week low of GBX 1,047 ($13.54) and a 52-week high of GBX 1,721.80 ($22.27).

Persimmon (LON:PSNGet Free Report) last posted its quarterly earnings data 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 anticipate that Persimmon will post 98.2810615 EPS for the current fiscal year.

Persimmon Company Profile

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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.

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