Persimmon plc (LON:PSN) had its target price hoisted by investment analysts at Liberum Capital from GBX 2,161 ($28.22) to GBX 2,382 ($31.10) in a report issued on Wednesday. The brokerage presently has a “hold” rating on the stock. Liberum Capital’s price objective points to a potential downside of 3.25% from the stock’s current price.
A number of other research analysts have also recently weighed in on the company. Canaccord Genuity lifted their target price on Persimmon plc from GBX 2,200 ($28.73) to GBX 2,530 ($33.04) and gave the company a “buy” rating in a report on Friday, April 28th. Shore Capital reiterated a “buy” rating on shares of Persimmon plc in a report on Thursday, April 27th. Beaufort Securities reiterated a “buy” rating on shares of Persimmon plc in a report on Friday, April 28th. HSBC Holdings plc lifted their target price on Persimmon plc from GBX 2,148 ($28.05) to GBX 2,321 ($30.31) and gave the company a “buy” rating in a report on Wednesday, March 29th. Finally, Morgan Stanley started coverage on Persimmon plc in a report on Tuesday, March 21st. They issued an “equal weight” rating and a GBX 2,200 ($28.73) target price on the stock. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 2,372 ($30.97).
Shares of Persimmon plc (LON:PSN) opened at 2443.00 on Wednesday. The stock’s market cap is GBX 7.53 billion. Persimmon plc has a 52-week low of GBX 1,573.55 and a 52-week high of GBX 2,481.00. The firm has a 50-day moving average price of GBX 2,339.93 and a 200-day moving average price of GBX 2,185.51.
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 Persimmon Homes brand.
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