Persimmon plc Earns “Hold” Rating from Panmure Gordon (PSN)
Persimmon plc (LON:PSN)‘s stock had its “hold” rating reissued by investment analysts at Panmure Gordon in a note issued to investors on Tuesday. They currently have a GBX 1,300 ($21.73) target price on the stock. Panmure Gordon’s price target indicates a potential downside of 2.62% from the stock’s previous close.
Shares of Persimmon plc (LON:PSN) opened at 1348.00 on Tuesday. Persimmon plc has a 1-year low of GBX 988.188 and a 1-year high of GBX 1428.751. The stock’s 50-day moving average is GBX 1270.93 and its 200-day moving average is GBX 1319.. The company’s market cap is £4.104 billion.
PSN has been the subject of a number of other recent research reports. Analysts at Liberum Capital reiterated a “hold” rating on shares of Persimmon plc in a research note on Tuesday. They now have a GBX 1,238 ($20.70) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Persimmon plc in a research note on Friday, August 1st. They now have a GBX 1,432 ($23.94) price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Persimmon plc in a research note on Wednesday, July 23rd. They now have a GBX 1,486 ($24.84) price target on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 1,446.08 ($24.17).
Persimmon Plc is the holding company of the Persimmon Group of companies (LON:PSN).
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