Persimmon (PSN) Rating Reiterated by Liberum Capital

Persimmon (LON:PSN)‘s stock had its “buy” rating reaffirmed by stock analysts at Liberum Capital in a research note issued on Thursday. They currently have a GBX 2,700 ($35.28) price objective on the stock. Liberum Capital’s target price suggests a potential upside of 38.75% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Canaccord Genuity reduced their price target on Persimmon from GBX 2,950 ($38.55) to GBX 2,870 ($37.50) and set a “buy” rating for the company in a report on Wednesday, August 22nd. Peel Hunt restated a “hold” rating on shares of Persimmon in a research report on Wednesday, November 7th. Shore Capital upgraded shares of Persimmon to a “hold” rating and cut their price objective for the stock from GBX 2,690 ($35.15) to GBX 2,295 ($29.99) in a research report on Wednesday, November 7th. Deutsche Bank cut their price objective on shares of Persimmon from GBX 3,093 ($40.42) to GBX 3,053 ($39.89) and set a “hold” rating for the company in a research report on Thursday, August 30th. Finally, Berenberg Bank restated a “hold” rating and set a GBX 2,760 ($36.06) price objective on shares of Persimmon in a research report on Wednesday, August 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 2,764.50 ($36.12).

Persimmon stock traded up GBX 3.50 ($0.05) during midday trading on Thursday, reaching GBX 1,946 ($25.43). 1,801,047 shares of the company’s stock were exchanged, compared to its average volume of 1,520,000. Persimmon has a 52 week low of GBX 2,046 ($26.73) and a 52 week high of GBX 2,901 ($37.91).

In related news, insider Roger Devlin acquired 12,575 shares of the business’s stock in a transaction on Thursday, October 18th. The stock was purchased at an average cost of GBX 2,217 ($28.97) per share, for a total transaction of £278,787.75 ($364,285.57).

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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