Persimmon plc’s (PSN) Buy Rating Reaffirmed at Liberum Capital
Persimmon plc (LON:PSN)‘s stock had its “buy” rating reissued by research analysts at Liberum Capital in a report issued on Monday. They presently have a GBX 2,100 ($27.41) target price on the stock. Liberum Capital’s price objective would suggest a potential upside of 15.70% from the company’s current price.
Several other research firms have also recently commented on PSN. Citigroup Inc. restated a “neutral” rating and set a GBX 1,775 ($23.17) price target on shares of Persimmon plc in a research note on Wednesday, August 24th. Canaccord Genuity upped their price target on Persimmon plc from GBX 1,540 ($20.10) to GBX 1,970 ($25.71) and gave the stock a ” buy” rating in a research note on Wednesday, August 24th. JPMorgan Chase & Co. upped their price target on Persimmon plc from GBX 1,950 ($25.45) to GBX 2,000 ($26.11) and gave the stock an “overweight” rating in a research note on Wednesday, August 24th. Deutsche Bank AG upped their price target on Persimmon plc from GBX 2,072 ($27.05) to GBX 2,092 ($27.31) and gave the stock a “hold” rating in a research note on Wednesday, August 24th. Finally, Beaufort Securities restated a “buy” rating on shares of Persimmon plc in a research note on Wednesday, August 24th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 1,841.09 ($24.03).
Persimmon plc (LON:PSN) opened at 1836.00 on Monday. The firm has a 50-day moving average price of GBX 1,802.32 and a 200-day moving average price of GBX 1,853.48. The stock’s market cap is GBX 5.65 billion. Persimmon plc has a one year low of GBX 1,170.00 and a one year high of GBX 2,255.00.
About Persimmon plc
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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