HSBC Reiterates “Overweight” Rating for Persimmon (PSN)
Persimmon (LON:PSN)‘s stock had its “overweight” rating reiterated by analysts at HSBC in a research report issued to clients and investors on Thursday, AnalystRatingsNetwork reports. They currently have a GBX 1,500 ($24.60) price target on the stock. HSBC’s price target would suggest a potential upside of 17.74% from the stock’s previous close.
PSN has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Persimmon in a research note to investors on Thursday. Separately, analysts at Jefferies Group raised their price target on shares of Persimmon from GBX 1,275 ($20.91) to GBX 1,310 ($21.49) in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Finally, analysts at Numis Securities Ltd upgraded shares of Persimmon to a “hold” rating in a research note to investors on Wednesday. They now have a GBX 1,300 ($21.32) price target on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Persimmon has an average rating of “Hold” and an average target price of GBX 1,369.10 ($22.46).
Shares of Persimmon (LON:PSN) traded down 1.16% on Thursday, hitting GBX 1274.00. 830,641 shares of the company’s stock traded hands. Persimmon has a 52-week low of GBX 773.668 and a 52-week high of GBX 1321.00. The stock’s 50-day moving average is GBX 1188. and its 200-day moving average is GBX 1189.. The company’s market cap is £3.864 billion.
Persimmon Plc is the holding company of the Persimmon Group of companies (LON:PSN).
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