Brokerages Set Persimmon Plc (OTCMKTS:PSMMY) PT at $80.00

Shares of Persimmon Plc (OTCMKTS:PSMMY) have received a consensus recommendation of “Buy” from the nine brokerages that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $80.00.

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Persimmon to an “overweight” rating in a research report on Thursday, August 19th. Zacks Investment Research raised shares of Persimmon from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Tuesday, October 5th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Persimmon in a research note on Thursday, August 19th.

PSMMY opened at $72.74 on Monday. The business’s 50 day moving average is $77.01 and its 200-day moving average is $83.28. The stock has a market cap of $11.60 billion, a PE ratio of 12.87 and a beta of 1.55. Persimmon has a twelve month low of $60.10 and a twelve month high of $95.50.

Persimmon Company Profile

Persimmon Plc operates as a holding company of the Persimmon Group of companies, which engages in building, designing, and construction of new homes. Its brands include Charles Church, Westbury Partnershisps, Space4, Brickworks, and Tileworks. The company was founded by Duncan Henry Davidson in 1972 and is headquartered in Fulford, the United Kingdom.

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Analyst Recommendations for Persimmon (OTCMKTS:PSMMY)

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