Shore Capital Reiterates Hold Rating for Persimmon plc (PSN)
Several other research analysts also recently commented on PSN. Canaccord Genuity lifted their target price on Persimmon plc from GBX 2,570 ($33.24) to GBX 2,650 ($34.27) and gave the stock a hold rating in a report on Wednesday, August 23rd. J P Morgan Chase & Co dropped their price objective on Persimmon plc from GBX 2,600 ($33.63) to GBX 2,556 ($33.06) and set an overweight rating on the stock in a research note on Wednesday, August 23rd. Jefferies Group LLC boosted their price objective on Persimmon plc from GBX 2,316 ($29.95) to GBX 2,442 ($31.58) and gave the company a hold rating in a research note on Wednesday, August 23rd. Peel Hunt boosted their price objective on Persimmon plc from GBX 2,375 ($30.72) to GBX 2,382 ($30.81) and gave the company a hold rating in a research note on Tuesday, August 22nd. Finally, Beaufort Securities boosted their price objective on Persimmon plc from GBX 2,600 ($33.63) to GBX 2,601 ($33.64) and gave the company a buy rating in a research note on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. Persimmon plc has a consensus rating of Hold and a consensus target price of GBX 2,409 ($31.16).
Shares of Persimmon plc (LON PSN) opened at 2636.00 on Tuesday. The firm has a 50-day moving average price of GBX 2,515.14 and a 200-day moving average price of GBX 2,313.89. The company’s market capitalization is GBX 8.13 billion. Persimmon plc has a 1-year low of GBX 1,600.00 and a 1-year high of GBX 2,656.00.
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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 Persimmon Homes brand.
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