Persimmon plc (LON:PSN) Earns Sell Rating from Shore Capital

Persimmon plc (LON:PSN)‘s stock had its “sell” rating restated by investment analysts at Shore Capital in a report released on Wednesday, November 8th.

Several other brokerages also recently commented on PSN. Barclays PLC upped their price objective on Persimmon plc from GBX 2,123 ($27.92) to GBX 2,566 ($33.75) and gave the company an “equal weight” rating in a research report on Thursday, July 13th. Liberum Capital upped their price objective on Persimmon plc from GBX 2,161 ($28.42) to GBX 2,382 ($31.33) and gave the stock a “hold” rating in a research note on Wednesday, July 19th. Numis Securities Ltd restated a “hold” rating and set a GBX 2,716 ($35.72) price objective on shares of Persimmon plc in a research note on Tuesday, August 22nd. Canaccord Genuity restated a “buy” rating and set a GBX 2,570 ($33.80) price objective on shares of Persimmon plc in a research note on Tuesday, August 22nd. Finally, Bank of America Corporation reiterated an “underperform” rating and issued a GBX 2,230 ($29.33) price target on shares of Persimmon plc in a research note on Tuesday, September 12th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 2,534.87 ($33.34).

Persimmon plc (LON PSN) traded up GBX 12 ($0.16) during trading hours on Wednesday, reaching GBX 2,688 ($35.35). The company’s stock had a trading volume of 565,023 shares, compared to its average volume of 1,540,000. Persimmon plc has a 1-year low of GBX 1,646 ($21.65) and a 1-year high of GBX 2,901 ($38.16).

WARNING: “Persimmon plc (LON:PSN) Earns Sell Rating from Shore Capital” was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this article on another domain, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this article can be accessed at https://stocknewstimes.com/2017/11/20/persimmon-plc-psn-earns-sell-rating-from-shore-capital.html.

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)

Receive News & Ratings for Persimmon plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Persimmon plc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply