The Persimmon plc (PSN) Given Underperform Rating at Davy Research

The Persimmon plc (PSN) Given Underperform Rating at Davy Research

Persimmon plc (LON:PSN)‘s stock had its “underperform” rating reissued by stock analysts at Davy Research in a research report issued to clients and investors on Wednesday.

Several other equities research analysts have also recently weighed in on PSN. Peel Hunt reissued a “hold” rating and issued a GBX 2,200 ($27.49) price target on shares of Persimmon plc in a research note on Tuesday, July 5th. Deutsche Bank AG increased their price target on Persimmon plc from GBX 2,072 ($25.89) to GBX 2,092 ($26.14) and gave the company a “hold” rating in a research note on Wednesday, August 24th. Credit Suisse Group AG upped their target price on Persimmon plc from GBX 1,273 ($15.90) to GBX 1,702 ($21.26) and gave the company a “neutral” rating in a research report on Friday, September 23rd. Canaccord Genuity restated a “buy” rating and set a GBX 1,540 ($19.24) target price on shares of Persimmon plc in a research report on Tuesday, August 23rd. Finally, Liberum Capital restated a “hold” rating and set a GBX 1,486 ($18.57) target price on shares of Persimmon plc in a research report on Tuesday, August 23rd. 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 company has an average rating of “Hold” and a consensus target price of GBX 1,843.09 ($23.03).

Persimmon plc (LON:PSN) traded down 1.3881% on Wednesday, hitting GBX 1703.0236. The company’s stock had a trading volume of 702,378 shares. The stock’s market cap is GBX 5.24 billion. The firm has a 50 day moving average of GBX 1,722.76 and a 200-day moving average of GBX 1,777.21. Persimmon plc has a 12 month low of GBX 1,170.00 and a 12 month high of GBX 2,255.00.

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