Persimmon plc Price Target Cut to GBX 1,170 (PSN)
Investment analysts at Barclays reduced their target price on shares of Persimmon plc (LON:PSN) from GBX 1,180 ($19.62) to GBX 1,170 ($19.46) in a note issued to investors on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has an “equal weight” rating on the stock. Barclays’ price objective points to a potential downside of 18.47% from the company’s current price.
Persimmon plc (LON:PSN) traded down 1.91% during mid-day trading on Wednesday, hitting GBX 1435.00. The stock had a trading volume of 1,251,459 shares. Persimmon plc has a one year low of GBX 892.00 and a one year high of GBX 1471.00. The stock has a 50-day moving average of GBX 1352.68 and a 200-day moving average of GBX 1220.. The company’s market cap is £4.352 billion.
The company also recently announced a dividend, which is scheduled for Friday, July 4th. Investors of record on Thursday, June 5th will be paid a dividend of GBX 70 ($1.16) per share. This represents a dividend yield of 4.78%. The ex-dividend date is Thursday, June 5th.
PSN has been the subject of a number of other recent research reports. Analysts at Beaufort Securities reiterated a “hold” rating on shares of Persimmon plc in a research note on Wednesday. Separately, analysts at Citigroup Inc. raised their price target on shares of Persimmon plc from GBX 1,415 ($23.53) to GBX 1,610 ($26.78) in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Panmure Gordon raised their price target on shares of Persimmon plc from GBX 1,158 ($19.26) to GBX 1,200 ($19.96) in a research note on Tuesday. They now have a “sell” rating on the stock. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 1,412.64 ($23.49).
Persimmon Plc is the holding company of the Persimmon Group of companies (LON:PSN).
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