Canaccord Genuity Reaffirms Buy Rating for Persimmon plc (PSN)
Persimmon plc (LON:PSN)‘s stock had its “buy” rating reissued by Canaccord Genuity in a research report issued on Tuesday. They presently have a GBX 1,970 ($25.71) price target on the stock. Canaccord Genuity’s price target indicates a potential upside of 11.55% from the company’s previous close.
PSN has been the topic of several other research reports. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 2,092 ($27.31) target price on shares of Persimmon plc in a research note on Friday, September 2nd. Liberum Capital reiterated a “hold” rating and set a GBX 1,486 ($19.40) price target on shares of Persimmon plc in a research report on Tuesday, September 6th. JPMorgan Chase & Co. upgraded Persimmon plc to an “overweight” rating and lowered their price target for the company from GBX 2,100 ($27.41) to GBX 1,950 ($25.45) in a research report on Monday, August 15th. Citigroup Inc. reiterated a “neutral” rating and set a GBX 1,775 ($23.17) price target on shares of Persimmon plc in a research report on Wednesday, August 24th. Finally, Beaufort Securities reiterated 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 assigned a buy rating to the stock. Persimmon plc presently has a consensus rating of “Hold” and a consensus target price of GBX 1,760.86 ($22.98).
Persimmon plc (LON:PSN) traded down 0.34% during trading on Tuesday, reaching GBX 1766.00. The company had a trading volume of 1,386,334 shares. The firm’s market capitalization is GBX 5.43 billion. Persimmon plc has a 12 month low of GBX 1,170.00 and a 12 month high of GBX 2,255.00. The stock has a 50 day moving average price of GBX 1,778.49 and a 200 day moving average price of GBX 1,862.47.
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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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