Persimmon plc (LON:PSN) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 2,283 ($29.83) and last traded at GBX 2,283 ($29.83), with a volume of 609125 shares changing hands. The stock had previously closed at GBX 2,311 ($30.20).
Several equities research analysts have issued reports on PSN shares. Liberum Capital reissued a “buy” rating on shares of Persimmon in a research report on Thursday, July 5th. Canaccord Genuity lowered their price objective on shares of Persimmon from GBX 2,950 ($38.55) to GBX 2,870 ($37.50) and set a “buy” rating for the company in a research report on Wednesday, August 22nd. Deutsche Bank lowered their price objective on shares of Persimmon from GBX 3,093 ($40.42) to GBX 3,053 ($39.89) and set a “hold” rating for the company in a research report on Thursday, August 30th. Peel Hunt boosted their price objective on shares of Persimmon from GBX 2,775 ($36.26) to GBX 2,790 ($36.46) and gave the company a “hold” rating in a research report on Wednesday, August 29th. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 2,760 ($36.06) price target on shares of Persimmon in a report on Wednesday, August 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 2,766.46 ($36.15).
Persimmon Company Profile (LON:PSN)
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; builds executive housing under the Charles Church brand; and operates off-site manufacturing plant. It also provides homes to housing associations under the Westbury Partnerships brand.
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