Persimmon plc (PSN) Stock Rating Reaffirmed by Canaccord Genuity
Persimmon plc (LON:PSN)‘s stock had its “buy” rating restated by stock analysts at Canaccord Genuity in a report released on Tuesday. They presently have a GBX 1,970 ($25.71) target price on the stock. Canaccord Genuity’s price target points to a potential upside of 10.61% from the stock’s previous close.
Several other brokerages have also commented on PSN. Deutsche Bank AG reiterated a “hold” rating on shares of Persimmon plc in a research note on Tuesday, May 31st. Citigroup Inc. reiterated a “neutral” rating and issued a GBX 1,775 ($23.17) price target on shares of Persimmon plc in a research note on Wednesday, August 24th. JPMorgan Chase & Co. increased their price target on shares of Persimmon plc from GBX 1,950 ($25.45) to GBX 2,000 ($26.11) and gave the company an “overweight” rating in a research note on Wednesday, August 24th. Beaufort Securities reiterated a “buy” rating on shares of Persimmon plc in a research note on Wednesday, August 24th. Finally, Liberum Capital reiterated a “hold” rating and issued a GBX 1,486 ($19.40) price target on shares of Persimmon plc in a research note on Tuesday, September 6th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 1,760.86 ($22.98).
Shares of Persimmon plc (LON:PSN) opened at 1808.0199 on Tuesday. The stock’s market cap is GBX 5.56 billion. The company has a 50-day moving average of GBX 1,779.50 and a 200 day moving average of GBX 1,860.83. Persimmon plc has a one year low of GBX 1,170.00 and a one year high of GBX 2,255.00.
Persimmon plc Company Profile
Persimmon Plc is a United Kingdom-based holding company. The Company is engaged in house building within the United Kingdom. The Company trades under the brand names of Persimmon Homes, Charles Church, Westbury Partnerships and Space4. The Company offers a range of homes from studio apartments to family homes in approximately 400 locations under Permission homes brand.
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