Persimmon plc (PSN) Price Target Raised to GBX 2,382
Persimmon plc (LON:PSN) had its price target upped by equities research analysts at Liberum Capital from GBX 2,161 ($28.05) to GBX 2,382 ($30.92) in a research note issued to investors on Wednesday, July 19th. The brokerage presently has a “hold” rating on the stock. Liberum Capital’s price target points to a potential downside of 6.07% from the company’s previous close.
Several other brokerages have also commented on PSN. Jefferies Group LLC upped their price objective on shares of Persimmon plc from GBX 2,102 ($27.29) to GBX 2,316 ($30.07) and gave the stock a “hold” rating in a report on Monday, June 26th. Citigroup Inc. reaffirmed a “neutral” rating and set a GBX 2,265 ($29.40) target price on shares of Persimmon plc in a research note on Monday, May 8th. Peel Hunt reaffirmed a “hold” rating and set a GBX 2,260 ($29.34) target price on shares of Persimmon plc in a research note on Wednesday, June 21st. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 2,400 ($31.16) target price on shares of Persimmon plc in a research note on Thursday, April 6th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 2,340 ($30.38) target price on shares of Persimmon plc in a research note on Tuesday, July 4th. Two research 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. Persimmon plc has an average rating of “Hold” and a consensus price target of GBX 2,372 ($30.79).
Persimmon plc (LON PSN) traded up 1.36% during trading on Wednesday, hitting GBX 2536.00. The stock had a trading volume of 629,209 shares. The company’s market cap is GBX 7.82 billion. Persimmon plc has a 52-week low of GBX 1,600.00 and a 52-week high of GBX 2,568.00. The company has a 50-day moving average price of GBX 2,421.81 and a 200-day moving average price of GBX 2,264.68.
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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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