Persimmon plc’s (PSN) “Buy” Rating Reiterated at Canaccord Genuity
Persimmon plc (LON:PSN)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity in a research report issued to clients and investors on Tuesday. They currently have a GBX 1,970 ($25.71) target price on the stock. Canaccord Genuity’s target price indicates a potential upside of 11.17% from the stock’s current price.
PSN has been the subject of several other research reports. Liberum Capital reaffirmed a “hold” rating and set a GBX 1,486 ($19.40) price target on shares of Persimmon plc in a research note on Tuesday, September 6th. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 2,092 ($27.31) price target on shares of Persimmon plc in a research note on Friday, September 2nd. JPMorgan Chase & Co. raised shares of Persimmon plc to an “overweight” rating and dropped their price target for the company from GBX 2,100 ($27.41) to GBX 1,950 ($25.45) in a research note on Monday, August 15th. Citigroup Inc. reaffirmed a “neutral” rating and set a GBX 1,775 ($23.17) price target on shares of Persimmon plc in a research note on Wednesday, August 24th. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of Persimmon plc in a research note on Wednesday, August 24th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. Persimmon plc has an average rating of “Hold” and an average target price of GBX 1,760.86 ($22.98).
Shares of Persimmon plc (LON:PSN) opened at 1760.00 on Tuesday. Persimmon plc has a 12 month low of GBX 1,170.00 and a 12 month high of GBX 2,255.00. The firm’s 50-day moving average is GBX 1,775.86 and its 200 day moving average is GBX 1,863.97. The company’s market capitalization is GBX 5.42 billion.
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Persimmon plc Company Profile
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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