TOday’s Movers: Persimmon PLC (LON:PSN) Stock Rating Reemphasized at Liberum Capital; GBX 1703.00 Target Price Indicates -11.99% Potential

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Persimmon PLC (LON:PSN) Rating Reaffirmed

Persimmon PLC (LON:PSN) just had their share rating of a ‘”Sell”‘ issued by research analysts at Liberum Capital, who now has a GBX 1703.00 target price on the 5.90B GBP market cap company or a -11.99% downside potential. This key information was disclosed to clients in a very recent research note on Wednesday, 2 December.

From a total of 14 analysts covering Persimmon PLC (LON:PSN) stock, 1 rate it a ”Buy”, 4 a “Sell”, and 9 a ”Hold”. This means that 7% of the ratings are positive. The highest target price is GBX 2300 while the lowest target price is GBX 1383. The mean of all analyst targets is GBX 1934.54 with a 2.25% above today’s (GBX 1939) stock price. Persimmon PLC was the topic of 36 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Liberum Capital maintained shares on November 26 with “Sell” rating. JP Morgan maintained shares with “Underweight” rating and GBX 2060 target share price in a report from a November 5. Credit Suisse maintained PSN stock in a recent report from November 24 with “Underperform” rating. UBS maintained the rating on November 4. UBS has a “Neutral” rating and a GBX 2135 price target on shares. Finally, Beaufort Securities maintained the stock with “Buy” rating in a report issued on a November 5.

Approximately 89,233 shares of stock traded hands. Persimmon plc (LON:PSN) has risen 16.37% since May 5, 2015 and is uptrending. It has outperformed by 16.57% the S&P500.

TOday’s Movers: Persimmon PLC (LON:PSN) Stock Rating Reemphasized at Liberum Capital; GBX 1703.00 Target Price Indicates -11.99% Potential

Persimmon Plc is the holding company of the Persimmon Group of companies engaged in housebuilding within the United Kingdom. The company has a market cap of 5.90 billion GBP. The Firm is a housebuilder in approximately 400 locations. It has 13.47 P/E ratio. It owns around 17,000 acres, 87,720 plots and 380 construction sites.

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