Persimmon plc (PSN) Receives Buy Rating from Canaccord Genuity
Other equities analysts have also issued research reports about the stock. Beaufort Securities reaffirmed a buy rating on shares of Persimmon plc in a research report on Wednesday, July 6th. HSBC reaffirmed a buy rating and set a GBX 2,640 ($34.46) target price on shares of Persimmon plc in a research report on Monday, June 27th. Liberum Capital raised shares of Persimmon plc to a buy rating and boosted their target price for the stock from GBX 1,486 ($19.40) to GBX 2,100 ($27.41) in a research report on Friday, September 23rd. Barclays PLC dropped their target price on shares of Persimmon plc from GBX 2,167.20 ($28.29) to GBX 1,587.20 ($20.72) and set an equal weight rating on the stock in a research report on Thursday, July 7th. Finally, Jefferies Group reaffirmed a hold rating and set a GBX 1,669 ($21.79) target price on shares of Persimmon plc in a research report on Monday, June 27th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of GBX 1,841.09 ($24.03).
Persimmon plc (LON:PSN) traded down 0.38% during trading on Tuesday, hitting GBX 1852.00. 582,880 shares of the company’s stock traded hands. The firm’s 50-day moving average price is GBX 1,807.61 and its 200 day moving average price is GBX 1,847.17. Persimmon plc has a 12-month low of GBX 1,170.00 and a 12-month high of GBX 2,255.00. The stock’s market cap is GBX 5.70 billion.
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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