Persimmon plc (LON:PSN) Receives Consensus Rating of “Hold” from Brokerages

Shares of Persimmon plc (LON:PSN) have been given a consensus rating of “Hold” by the fourteen analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 2,767.17 ($36.16).

Several brokerages recently weighed in on PSN. Shore Capital restated a “hold” rating on shares of Persimmon in a research report on Thursday, July 4th. Canaccord Genuity restated a “buy” rating and set a GBX 2,720 ($35.54) price objective on shares of Persimmon in a research report on Thursday, July 4th. Jefferies Financial Group restated a “hold” rating on shares of Persimmon in a research report on Tuesday, June 25th. Liberum Capital restated a “buy” rating on shares of Persimmon in a research report on Monday, July 15th. Finally, Peel Hunt restated a “hold” rating on shares of Persimmon in a research report on Monday, July 29th.

In other Persimmon news, insider Rachel Kentleton acquired 658 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was acquired at an average cost of GBX 2,041 ($26.67) per share, for a total transaction of £13,429.78 ($17,548.39).



Shares of LON:PSN traded up GBX 5 ($0.07) during trading on Friday, reaching GBX 1,841 ($24.06). 1,126,986 shares of the company traded hands, compared to its average volume of 1,520,000. The company’s 50 day moving average is GBX 1,963.19 and its two-hundred day moving average is GBX 2,143.43. The firm has a market capitalization of $5.86 billion and a PE ratio of 6.56. Persimmon has a 52 week low of GBX 1,825.50 ($23.85) and a 52 week high of GBX 2,505 ($32.73).

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; executive housing under the Charles Church brand; and social housing under the Westbury Partnerships brand name. It also provides broadband services.

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Analyst Recommendations for Persimmon (LON:PSN)

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