Persimmon plc (PSN) Receives Average Recommendation of “Hold” from Analysts
Persimmon plc (LON:PSN) has received an average rating of “Hold” from the eighteen research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 2,499.69 ($33.16).
Several equities analysts have recently weighed in on PSN shares. Beaufort Securities dropped their price objective on shares of Persimmon plc from GBX 2,800 ($37.14) to GBX 2,600 ($34.49) and set a “buy” rating on the stock in a research report on Thursday, July 6th. Shore Capital reissued a “buy” rating on shares of Persimmon plc in a research report on Wednesday, July 5th. Canaccord Genuity reissued a “buy” rating and issued a GBX 2,570 ($34.09) price objective on shares of Persimmon plc in a research report on Tuesday, August 22nd. Barclays PLC increased their price objective on shares of Persimmon plc from GBX 2,123 ($28.16) to GBX 2,566 ($34.04) and gave the company an “equal weight” rating in a research report on Thursday, July 13th. Finally, Peel Hunt reissued a “hold” rating on shares of Persimmon plc in a research report on Wednesday, July 5th.
Persimmon plc (PSN) traded up 0.11% on Wednesday, hitting GBX 2688.00. 1,562,868 shares of the stock traded hands. Persimmon plc has a 52 week low of GBX 1,600.00 and a 52 week high of GBX 2,699.00. The firm’s 50 day moving average is GBX 2,558.43 and its 200 day moving average is GBX 2,393.91. The stock’s market cap is GBX 8.29 billion.
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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