Liberum Capital upgraded shares of Persimmon plc (LON:PSN) to a buy rating in a research report sent to investors on Friday. Liberum Capital currently has GBX 2,100 ($27.41) price target on the stock, up from their prior price target of GBX 1,486 ($19.40).
Several other research analysts have also commented on the stock. Peel Hunt reaffirmed a hold rating and issued a GBX 2,200 ($28.72) price target on shares of Persimmon plc in a report on Tuesday, July 5th. Credit Suisse Group AG lifted their price target on shares of Persimmon plc from GBX 1,273 ($16.62) to GBX 1,702 ($22.22) and gave the company a neutral rating in a report on Friday. Deutsche Bank AG lifted their price target on shares of Persimmon plc from GBX 2,072 ($27.05) to GBX 2,092 ($27.31) and gave the company a hold rating in a report on Wednesday, August 24th. Canaccord Genuity reaffirmed a buy rating and issued a GBX 1,540 ($20.10) price target on shares of Persimmon plc in a report on Tuesday, August 23rd. Finally, Beaufort Securities reaffirmed a buy rating on shares of Persimmon plc in a report on Wednesday, August 24th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of GBX 1,841.09 ($24.03).
Shares of Persimmon plc (LON:PSN) traded down 3.54% on Friday, reaching GBX 1773.00. 832,049 shares of the company’s stock were exchanged. Persimmon plc has a 1-year low of GBX 1,170.00 and a 1-year high of GBX 2,255.00. The company’s market capitalization is GBX 5.46 billion. The stock’s 50-day moving average price is GBX 1,790.86 and its 200-day moving average price is GBX 1,860.38.
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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