Persimmon plc (PSN) Rating Reiterated by Bank of America Corporation
Persimmon plc (LON:PSN)‘s stock had its “underperform” rating reaffirmed by equities research analysts at Bank of America Corporation in a research report issued on Tuesday. They presently have a GBX 2,230 ($28.80) target price on the stock. Bank of America Corporation’s price target would indicate a potential downside of 11.33% from the company’s current price.
Several other research firms have also issued reports on PSN. Jefferies Group LLC upped their price target on Persimmon plc from GBX 2,102 ($27.15) to GBX 2,316 ($29.91) and gave the company a “hold” rating in a research report on Monday, June 26th. Canaccord Genuity reissued a “buy” rating and set a GBX 2,570 ($33.19) price target on shares of Persimmon plc in a research report on Tuesday, August 22nd. Peel Hunt upped their price target on Persimmon plc from GBX 2,375 ($30.67) to GBX 2,382 ($30.76) and gave the company a “hold” rating in a research report on Tuesday, August 22nd. J P Morgan Chase & Co dropped their price target on Persimmon plc from GBX 2,600 ($33.58) to GBX 2,556 ($33.01) and set an “overweight” rating on the stock in a research report on Wednesday, August 23rd. Finally, Liberum Capital upped their price target on Persimmon plc from GBX 2,161 ($27.91) to GBX 2,382 ($30.76) and gave the company a “hold” rating in a research report on Wednesday, July 19th. Three investment 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. The company currently has a consensus rating of “Hold” and an average target price of GBX 2,397.07 ($30.96).
Persimmon plc (LON PSN) opened at 2528.00 on Tuesday. The stock’s market capitalization is GBX 7.80 billion. Persimmon plc has a 52-week low of GBX 1,600.00 and a 52-week high of GBX 2,669.00. The company has a 50-day moving average of GBX 2,550.33 and a 200-day moving average of GBX 2,348.38.
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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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