Brokerages Set Persimmon plc (PSN) PT at $2,499.69

Shares of Persimmon plc (LON:PSN) have earned an average rating of “Hold” from the eighteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is GBX 2,541 ($33.53).

PSN has been the subject of a number of research analyst reports. Bank of America Corporation reissued an “underperform” rating and set a GBX 2,230 ($29.43) target price on shares of Persimmon plc in a report on Tuesday, September 12th. Canaccord Genuity reissued a “buy” rating and set a GBX 2,570 ($33.91) target price on shares of Persimmon plc in a report on Tuesday, August 22nd. Peel Hunt increased their target price on Persimmon plc from GBX 2,375 ($31.34) to GBX 2,382 ($31.43) and gave the company a “hold” rating in a report on Tuesday, August 22nd. J P Morgan Chase & Co reduced their target price on Persimmon plc from GBX 2,600 ($34.31) to GBX 2,556 ($33.73) and set an “overweight” rating for the company in a report on Wednesday, August 23rd. Finally, Liberum Capital increased their target price on Persimmon plc from GBX 2,161 ($28.52) to GBX 2,382 ($31.43) and gave the company a “hold” rating in a report on Wednesday, July 19th.

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About Persimmon plc

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.

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