Persimmon plc (PSN) Stock Rating Reaffirmed by Canaccord Genuity
Persimmon plc (LON:PSN)‘s stock had its “buy” rating restated by analysts at Canaccord Genuity in a note issued to investors on Tuesday. They currently have a GBX 1,970 ($25.71) target price on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 10.61% from the company’s previous close.
PSN has been the topic of several other research reports. Liberum Capital reaffirmed a “hold” rating and issued a GBX 1,486 ($19.40) price target on shares of Persimmon plc in a research note on Thursday, September 15th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 2,092 ($27.31) price target on shares of Persimmon plc in a research note on Friday, September 2nd. JPMorgan Chase & Co. raised shares of Persimmon plc to an “overweight” rating and reduced their price target for the stock from GBX 2,100 ($27.41) to GBX 1,950 ($25.45) in a research note on Monday, August 15th. Citigroup Inc. reaffirmed a “neutral” rating and issued a GBX 1,775 ($23.17) price target on shares of Persimmon plc in a research note on Wednesday, August 24th. Finally, Beaufort Securities reissued a “buy” rating on shares of Persimmon plc in a research report on Wednesday, August 24th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 1,760.86 ($22.98).
Persimmon plc (LON:PSN) opened at 1808.0199 on Tuesday. The company’s 50-day moving average is GBX 1,779.50 and its 200-day moving average is GBX 1,860.83. Persimmon plc has a 12 month low of GBX 1,170.00 and a 12 month high of GBX 2,255.00. The company’s market cap is GBX 5.56 billion.
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 Permission homes brand.
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