Persimmon (LON:PSN) Price Target Cut to GBX 2,474

Persimmon (LON:PSN) had its target price cut by Barclays from GBX 2,551 ($33.23) to GBX 2,474 ($32.23) in a report published on Wednesday, September 12th. They currently have an underweight rating on the stock.

A number of other research firms have also recently commented on PSN. Liberum Capital reiterated a buy rating on shares of Persimmon in a research report on Tuesday, August 21st. Berenberg Bank started coverage on Persimmon in a research report on Wednesday, July 25th. They set a hold rating and a GBX 2,760 ($35.95) price objective for the company. Peel Hunt upped their price objective on Persimmon from GBX 2,775 ($36.15) to GBX 2,790 ($36.34) and gave the company a hold rating in a research report on Wednesday, August 29th. Deutsche Bank cut their price target on Persimmon from GBX 3,093 ($40.29) to GBX 3,053 ($39.77) and set a hold rating for the company in a report on Thursday, August 30th. Finally, Citigroup cut their price target on Persimmon from GBX 2,860 ($37.25) to GBX 2,575 ($33.54) and set a neutral rating for the company in a report on Monday, August 13th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. Persimmon currently has an average rating of Hold and a consensus target price of GBX 2,766.46 ($36.04).

Shares of PSN stock traded up GBX 8 ($0.10) during mid-day trading on Wednesday, hitting GBX 2,311 ($30.10). The company’s stock had a trading volume of 1,664,310 shares, compared to its average volume of 1,520,000. Persimmon has a 52-week low of GBX 2,046 ($26.65) and a 52-week high of GBX 2,901 ($37.79).

Persimmon Company Profile

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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Analyst Recommendations for Persimmon (LON:PSN)

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