Persimmon (LON:PSN) had its target price boosted by research analysts at Liberum Capital from GBX 2,700 ($35.28) to GBX 2,800 ($36.59) in a report issued on Monday. The brokerage presently has a “buy” rating on the stock. Liberum Capital’s target price indicates a potential upside of 16.72% from the stock’s previous close.
Other equities analysts also recently issued reports about the stock. Shore Capital raised shares of Persimmon to a “hold” rating and decreased their price target for the stock from GBX 2,690 ($35.15) to GBX 2,295 ($29.99) in a research note on Wednesday, November 7th. Bank of America raised shares of Persimmon to a “buy” rating and increased their price target for the stock from GBX 2,200 ($28.75) to GBX 2,400 ($31.36) in a research note on Friday, January 11th. Credit Suisse Group reissued a “neutral” rating and issued a GBX 2,840 ($37.11) price target on shares of Persimmon in a research note on Friday, November 2nd. Peel Hunt reissued a “hold” rating and issued a GBX 2,025 ($26.46) price target on shares of Persimmon in a research note on Monday, December 10th. Finally, Canaccord Genuity reissued a “buy” rating and issued a GBX 2,870 ($37.50) price target on shares of Persimmon in a research note on Wednesday, November 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Persimmon has a consensus rating of “Hold” and an average price target of GBX 2,655.75 ($34.70).
PSN stock opened at GBX 2,399 ($31.35) on Monday. Persimmon has a 1 year low of GBX 2,046 ($26.73) and a 1 year high of GBX 2,901 ($37.91).
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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