Todays Report: The Persimmon plc (PSN) Given Hold Rating at Peel Hunt

The Persimmon plc (PSN) Given Hold Rating at Peel Hunt

Persimmon plc (LON:PSN)‘s stock had its “hold” rating reiterated by Peel Hunt in a research report issued on Wednesday. They presently have a GBX 2,200 ($27.49) price target on the stock. Peel Hunt’s target price suggests a potential upside of 29.03% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Persimmon plc to an “overweight” rating and decreased their price target for the stock from GBX 2,100 ($26.24) to GBX 1,950 ($24.36) in a research note on Monday, August 15th. Liberum Capital reaffirmed a “buy” rating and set a GBX 2,100 ($26.24) price target on shares of Persimmon plc in a research note on Monday, October 3rd. Deutsche Bank AG decreased their price target on shares of Persimmon plc from GBX 2,473 ($30.90) to GBX 2,072 ($25.89) and set a “hold” rating on the stock in a research note on Tuesday, July 26th. Beaufort Securities reiterated a “buy” rating on shares of Persimmon plc in a report on Wednesday, July 6th. Finally, Canaccord Genuity reiterated a “buy” rating and set a GBX 1,970 ($24.61) price objective on shares of Persimmon plc in a report on Tuesday, September 20th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 1,843.09 ($23.03).

Persimmon plc (LON:PSN) traded down 1.3881% on Wednesday, reaching GBX 1703.0236. 702,378 shares of the company’s stock traded hands. Persimmon plc has a 52 week low of GBX 1,170.00 and a 52 week high of GBX 2,255.00. The stock has a 50-day moving average of GBX 1,722.76 and a 200 day moving average of GBX 1,777.21. The firm’s market capitalization is GBX 5.24 billion.

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