Persimmon plc (PSN) Downgraded by Barclays PLC

Barclays PLC cut shares of Persimmon plc (LON:PSN) to an underweight rating in a research note issued to investors on Monday morning, MarketBeat.com reports. Barclays PLC currently has GBX 2,711 ($35.77) price objective on the stock, up from their previous price objective of GBX 2,566 ($33.86).

Several other brokerages have also commented on PSN. Bank of America Corporation reiterated an underperform rating and set a GBX 2,230 ($29.43) price objective on shares of Persimmon plc in a report on Tuesday, September 12th. Canaccord Genuity reiterated a buy rating and set a GBX 2,570 ($33.91) price objective on shares of Persimmon plc in a report on Tuesday, August 22nd. Peel Hunt increased their price objective 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 decreased their price objective 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 price objective 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. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of GBX 2,526.64 ($33.34).

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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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