Persimmon plc (PSN) Stock Rating Lowered by Shore Capital

Persimmon plc (LON:PSN) was downgraded by Shore Capital to a “hold” rating in a report released on Tuesday.

Other analysts also recently issued research reports about the company. Liberum Capital restated a “hold” rating and set a GBX 2,161 ($28.05) target price on shares of Persimmon plc in a research note on Thursday, April 27th. Numis Securities Ltd restated a “hold” rating and set a GBX 2,716 ($35.26) target price on shares of Persimmon plc in a research note on Tuesday. Deutsche Bank AG restated a “hold” rating on shares of Persimmon plc in a research note on Monday, April 24th. Peel Hunt restated a “hold” rating on shares of Persimmon plc in a research note on Wednesday, July 5th. Finally, Barclays PLC increased their target price on Persimmon plc from GBX 2,123 ($27.56) to GBX 2,566 ($33.31) and gave the company an “equal weight” rating in a research note on Thursday, July 13th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 2,409 ($31.27).

Shares of Persimmon plc (PSN) opened at 2580.00 on Tuesday. The firm’s market cap is GBX 7.96 billion. The stock’s 50 day moving average is GBX 2,462.84 and its 200 day moving average is GBX 2,286.34. Persimmon plc has a 12 month low of GBX 1,600.00 and a 12 month high of GBX 2,650.00.

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Persimmon plc Company Profile

Persimmon Plc is a United Kingdom-based holding company. The Company is engaged in house building within the United Kingdom. The Company trades under the brand names of Persimmon Homes, Charles Church, Westbury Partnerships and Space4. The Company offers a range of homes from studio apartments to family homes in approximately 400 locations under Persimmon Homes brand.

Analyst Recommendations for Persimmon plc (LON:PSN)

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