Trade Report: The Persimmon plc’s (PSN) Buy Rating Reiterate at Canaccord Genuity

The Persimmon plc’s (PSN) Buy Rating Reiterate at Canaccord Genuity

Persimmon plc (LON:PSN)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity in a report released on Wednesday. They currently have a GBX 1,970 ($24.61) price objective on the stock. Canaccord Genuity’s price objective suggests a potential upside of 15.54% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Liberum Capital reaffirmed a “hold” rating and set a GBX 1,486 ($18.57) target price on shares of Persimmon plc in a research note on Tuesday, July 5th. Peel Hunt reaffirmed a “hold” rating and set a GBX 2,200 ($27.49) target price on shares of Persimmon plc in a research note on Tuesday, July 5th. Beaufort Securities reaffirmed a “buy” rating on shares of Persimmon plc in a research note on Wednesday, July 6th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Persimmon plc in a research note on Wednesday, July 6th. Finally, Citigroup Inc. reaffirmed a “neutral” rating on shares of Persimmon plc in a research note on Thursday, July 7th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 1,843.09 ($23.03).

Persimmon plc (LON:PSN) traded down 1.3881% during midday trading on Wednesday, hitting GBX 1703.0236. The stock had a trading volume of 702,378 shares. 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 50 day moving average is GBX 1,722.76 and its 200 day moving average is GBX 1,777.21. The company’s market cap is GBX 5.24 billion.

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