Persimmon plc (PSN) Sets New 52-Week High Following Analyst Upgrade
Shares of Persimmon plc (LON:PSN) reached a new 52-week high on Monday after J P Morgan Chase & Co raised their price target on the stock from GBX 2,600 to GBX 2,800. J P Morgan Chase & Co currently has an overweight rating on the stock. Persimmon plc traded as high as GBX 2,692 ($35.71) and last traded at GBX 2,690 ($35.68), with a volume of 2,209,172 shares. The stock had previously closed at GBX 2,582 ($34.25).
Other equities research analysts have also issued research reports about the company. Jefferies Group LLC lifted their price objective on Persimmon plc from GBX 2,102 ($27.88) to GBX 2,316 ($30.72) and gave the company a “hold” rating in a research note on Monday, June 26th. Shore Capital restated a “hold” rating on shares of Persimmon plc in a research report on Tuesday, August 29th. Bank of America Corporation restated an “underperform” rating and issued a GBX 2,230 ($29.58) target price on shares of Persimmon plc in a research note on Tuesday, September 12th. Liberum Capital restated a “hold” rating and issued a GBX 2,382 ($31.60) target price on shares of Persimmon plc in a research note on Tuesday, August 22nd. Finally, Beaufort Securities raised their price target on Persimmon plc from GBX 2,600 ($34.49) to GBX 2,601 ($34.50) and gave the company a “buy” rating in a report on Wednesday, August 23rd. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. Persimmon plc has a consensus rating of “Hold” and a consensus target price of GBX 2,488.29 ($33.01).
The firm’s 50 day moving average price is GBX 2,553.73 and its 200-day moving average price is GBX 2,389.81. The stock’s market cap is GBX 8.28 billion.
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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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