Persimmon plc’s (PSN) “Buy” Rating Reiterated at Canaccord Genuity
Canaccord Genuity reaffirmed their buy rating on shares of Persimmon plc (LON:PSN) in a research report sent to investors on Tuesday morning. They currently have a GBX 2,570 ($33.36) target price on the stock.
Several other analysts have also weighed in on the company. Shore Capital restated a buy rating on shares of Persimmon plc in a report on Thursday, April 27th. Citigroup Inc. restated a neutral rating and set a GBX 2,265 ($29.40) price target on shares of Persimmon plc in a report on Monday, May 15th. Barclays PLC increased their price target on Persimmon plc from GBX 2,123 ($27.56) to GBX 2,566 ($33.31) and gave the company an equal weight rating in a report on Thursday, July 13th. Beaufort Securities restated a buy rating on shares of Persimmon plc in a report on Friday, April 28th. Finally, J P Morgan Chase & Co restated an overweight rating and set a GBX 2,600 ($33.75) price target (up previously from GBX 2,400 ($31.16)) on shares of Persimmon plc in a report on Monday, July 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. Persimmon plc has a consensus rating of Hold and an average target price of GBX 2,409 ($31.27).
Shares of Persimmon plc (LON PSN) opened at 2616.00 on Tuesday. The firm’s 50-day moving average is GBX 2,482.28 and its 200-day moving average is GBX 2,293.55. Persimmon plc has a 12-month low of GBX 1,600.00 and a 12-month high of GBX 2,650.00. The company’s market capitalization is GBX 8.07 billion.
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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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