Persimmon plc’s (PSN) “Overweight” Rating Reaffirmed at J P Morgan Chase & Co
J P Morgan Chase & Co reiterated their overweight rating on shares of Persimmon plc (LON:PSN) in a report released on Tuesday morning, Marketbeat.com reports. They currently have a GBX 2,800 ($36.83) target price on the stock.
Several other equities analysts also recently issued reports on the company. Barclays PLC lifted their price objective on Persimmon plc from GBX 2,123 ($27.92) to GBX 2,566 ($33.75) and gave the company an equal weight rating in a research report on Thursday, July 13th. Liberum Capital lifted their price objective on Persimmon plc from GBX 2,161 ($28.42) to GBX 2,382 ($31.33) and gave the company a hold rating in a research report on Wednesday, July 19th. Numis Securities Ltd reiterated a hold rating and issued a GBX 2,716 ($35.72) price objective on shares of Persimmon plc in a research report on Tuesday, August 22nd. Canaccord Genuity reiterated a buy rating and issued a GBX 2,570 ($33.80) price objective on shares of Persimmon plc in a research report on Tuesday, August 22nd. Finally, Bank of America Corporation reiterated an underperform rating and issued a GBX 2,230 ($29.33) price objective on shares of Persimmon plc in a research report on Tuesday, September 12th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of GBX 2,526.64 ($33.23).
Persimmon plc (LON PSN) opened at GBX 2,673 ($35.16) on Tuesday. Persimmon plc has a 52-week low of GBX 1,646 ($21.65) and a 52-week high of GBX 2,901 ($38.16).
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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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