Persimmon plc (PSN) Hits New 1-Year High on Analyst Upgrade
Persimmon plc (LON:PSN)’s share price reached a new 52-week high on Monday after J P Morgan Chase & Co raised their price target on the stock from GBX 2,600 to GBX 2,800. J P Morgan Chase & Co currently has an overweight rating on the stock. Persimmon plc traded as high as GBX 2,692 ($35.71) and last traded at GBX 2,690 ($35.68), with a volume of 2,209,172 shares trading hands. The stock had previously closed at GBX 2,582 ($34.25).
Several other equities research analysts also recently commented on PSN. Barclays PLC boosted their price target on Persimmon plc from GBX 2,123 ($28.16) to GBX 2,566 ($34.04) and gave the stock an “equal weight” rating in a research report on Thursday, July 13th. Liberum Capital upped their price target on Persimmon plc from GBX 2,161 ($28.66) to GBX 2,382 ($31.60) and gave the stock a “hold” rating in a report on Wednesday, July 19th. Shore Capital reaffirmed a “buy” rating on shares of Persimmon plc in a research report on Wednesday, July 5th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 2,260 ($29.98) price objective on shares of Persimmon plc in a research report on Wednesday, June 21st. Finally, Deutsche Bank AG reiterated a “hold” rating and set a GBX 2,340 ($31.04) price objective on shares of Persimmon plc in a research note on Tuesday, July 4th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 2,488.29 ($33.01).
The company has a 50-day moving average price of GBX 2,545.14 and a 200-day moving average price of GBX 2,358.67. The stock’s market capitalization is GBX 8.30 billion.
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 Persimmon Homes brand.
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