Peel Hunt Reaffirms “Hold” Rating for Persimmon (PSN)
PSN has been the subject of several other reports. JPMorgan Chase & Co. reiterated an overweight rating on shares of Persimmon in a research note on Tuesday, September 25th. Liberum Capital reiterated a buy rating on shares of Persimmon in a research note on Tuesday, October 30th. Berenberg Bank reiterated a hold rating and issued a GBX 2,760 ($36.06) target price on shares of Persimmon in a research note on Wednesday, August 22nd. Deutsche Bank cut their target price on shares of Persimmon from GBX 3,093 ($40.42) to GBX 3,053 ($39.89) and set a hold rating for the company in a research note on Thursday, August 30th. Finally, Canaccord Genuity cut their target price on shares of Persimmon from GBX 2,950 ($38.55) to GBX 2,870 ($37.50) and set a buy rating for the company in a research note on Wednesday, August 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of GBX 2,776.17 ($36.28).
LON:PSN traded down GBX 11 ($0.14) during mid-day trading on Wednesday, hitting GBX 2,386 ($31.18). The stock had a trading volume of 1,291,216 shares, compared to its average volume of 1,520,000. Persimmon has a twelve month low of GBX 2,046 ($26.73) and a twelve month high of GBX 2,901 ($37.91).
Persimmon Company Profile
Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers apartments and family homes under the Persimmon Homes brand name; builds executive housing under the Charles Church brand; and operates off-site manufacturing plant. It also provides homes to housing associations under the Westbury Partnerships brand.
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