UBS Group reiterated their buy rating on shares of Persimmon (LON:PSN) in a report issued on Friday morning, ThisIsMoney.Co.Uk reports.

Several other brokerages have also recently weighed in on PSN. Shore Capital reissued a hold rating on shares of Persimmon in a research note on Thursday, November 7th. Canaccord Genuity reissued a buy rating and issued a GBX 3,000 ($39.46) price target on shares of Persimmon in a research note on Wednesday, January 15th. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 3,310 ($43.54) price target on shares of Persimmon in a research note on Tuesday, February 4th. Deutsche Bank increased their price target on Persimmon from GBX 3,096 ($40.73) to GBX 3,275 ($43.08) and gave the company a buy rating in a research note on Tuesday, February 4th. Finally, Liberum Capital reaffirmed a buy rating on shares of Persimmon in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Persimmon currently has a consensus rating of Buy and an average price target of GBX 3,019.62 ($39.72).

Shares of PSN stock traded down GBX 44 ($0.58) on Friday, hitting GBX 2,839 ($37.35). The company had a trading volume of 3,683,147 shares, compared to its average volume of 1,520,000. The firm has a market cap of $9.05 billion and a P/E ratio of 10.23. The stock’s 50-day moving average is GBX 3,040.92 and its two-hundred day moving average is GBX 2,484.37. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 2.85. Persimmon has a twelve month low of GBX 1,444.50 ($19.00) and a twelve month high of GBX 3,328 ($43.78).

The firm also recently announced a dividend, which will be paid on Monday, July 6th. Investors of record on Thursday, June 11th will be paid a dividend of GBX 110 ($1.45) per share. The ex-dividend date is Thursday, June 11th. This represents a yield of 3.57%. Persimmon’s dividend payout ratio is currently 0.85%.

About Persimmon

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers apartments and family homes under the Persimmon Homes brand name; executive housing under the Charles Church brand; 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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