Persimmon plc (PSN) Receives GBX 2,738.40 Average Price Target from Brokerages

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Shares of Persimmon plc (LON:PSN) have been given a consensus rating of “Hold” by the thirteen research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 2,738.40 ($35.78).

A number of equities research analysts have recently weighed in on the company. Berenberg Bank reissued a “hold” rating and issued a GBX 2,760 ($36.06) target price on shares of Persimmon in a research note on Wednesday, August 22nd. Canaccord Genuity lowered their target price on Persimmon from GBX 2,950 ($38.55) to GBX 2,870 ($37.50) and set a “buy” rating for the company in a research note on Wednesday, August 22nd. Peel Hunt reissued a “hold” rating on shares of Persimmon in a research note on Tuesday, August 21st. Deutsche Bank lowered their target price on Persimmon from GBX 3,093 ($40.42) to GBX 3,053 ($39.89) and set a “hold” rating for the company in a research note on Thursday, August 30th. Finally, Citigroup lowered their target price on Persimmon from GBX 2,860 ($37.37) to GBX 2,575 ($33.65) and set a “neutral” rating for the company in a research note on Monday, August 13th.

In other Persimmon news, insider Roger Devlin purchased 12,575 shares of the stock in a transaction on Thursday, October 18th. The stock was acquired at an average price of GBX 2,217 ($28.97) per share, with a total value of £278,787.75 ($364,285.57).

Shares of LON PSN traded down GBX 47 ($0.61) during midday trading on Monday, reaching GBX 2,162 ($28.25). The company had a trading volume of 1,049,218 shares, compared to its average volume of 1,520,000. Persimmon has a one year low of GBX 2,046 ($26.73) and a one year high of GBX 2,901 ($37.91).

Persimmon Company Profile

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers apartments and family homes under the Persimmon Homes brand name; builds executive housing under the Charles Church brand; and operates off-site manufacturing plant. It also provides homes to housing associations under the Westbury Partnerships brand.

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Analyst Recommendations for Persimmon (LON:PSN)

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