Persimmon plc (PSN) Given Average Rating of “Hold” by Brokerages

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Shares of Persimmon plc (LON:PSN) have been assigned a consensus rating of “Hold” from the thirteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 2,738.40 ($35.78).

A number of equities research analysts recently commented on the stock. Peel Hunt raised their price objective on shares of Persimmon from GBX 2,775 ($36.26) to GBX 2,790 ($36.46) and gave the stock a “hold” rating in a report on Wednesday, August 29th. Berenberg Bank assumed coverage on shares of Persimmon in a report on Wednesday, July 25th. They set a “hold” rating and a GBX 2,760 ($36.06) price objective on the stock. Liberum Capital restated a “buy” rating on shares of Persimmon in a report on Thursday, July 5th. Citigroup lowered their price target on shares of Persimmon from GBX 2,860 ($37.37) to GBX 2,575 ($33.65) and set a “neutral” rating on the stock in a research note on Monday, August 13th. Finally, Canaccord Genuity lowered their price target on shares of Persimmon from GBX 2,950 ($38.55) to GBX 2,870 ($37.50) and set a “buy” rating on the stock in a research note on Wednesday, August 22nd.

Shares of LON:PSN opened at GBX 2,249 ($29.39) on Monday. Persimmon has a 12 month low of GBX 2,046 ($26.73) and a 12 month high of GBX 2,901 ($37.91).

About Persimmon

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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