Persimmon plc Stock Rating Reaffirmed by Jefferies Group (PSN)
Persimmon plc (LON:PSN)‘s stock had its “hold” rating reiterated by investment analysts at Jefferies Group in a note issued to investors on Friday. They currently have a GBX 1,427 ($24.29) price objective on the stock. Jefferies Group’s price objective would indicate a potential upside of 11.66% from the stock’s previous close.
Shares of Persimmon plc (LON:PSN) traded up 1.51% on Friday, hitting GBX 1278.00. The stock had a trading volume of 1,500,492 shares. Persimmon plc has a 52-week low of GBX 988.188 and a 52-week high of GBX 1428.751. The stock has a 50-day moving average of GBX 1300. and a 200-day moving average of GBX 1313.. The company’s market cap is £3.891 billion.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Persimmon plc in a research note on Tuesday. They now have a GBX 1,400 ($23.83) price target on the stock. Separately, analysts at Liberum Capital reiterated a “hold” rating on shares of Persimmon plc in a research note on Thursday, June 19th. They now have a GBX 1,300 ($22.12) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Persimmon plc in a research note on Monday, June 16th. They now have a GBX 1,570 ($26.72) price target on the stock. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 1,450.23 ($24.68).
Persimmon Plc is the holding company of the Persimmon Group of companies (LON:PSN).
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