Bank of America Sticks With “Buy” Rating for Persimmon (LON:PSN) stock. What’s the Best Move for Investors?


Persimmon (LON:PSN) Rating Reaffirmed

The rating of Persimmon (LON:PSN) shares were reaffirmed by stock research analysts at Bank of America. This was released in a very recent research note on Monday, 14 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 3.35% above today’s (GBX 1918.31) stock price. Persimmon PLC was the topic of 37 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Liberum Capital maintained shares on December 2 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.

The stock increased 0.59% or GBX 11.31 on December 14, striking GBX 1918.31. Approximately 814,552 shares of stock traded hands. Persimmon plc (LON:PSN) has risen 3.19% since May 15, 2015 and is uptrending. It has outperformed by 7.61% the S&P500.

Bank of America Sticks With

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 5.84 billion GBP. The Firm is a housebuilder in approximately 400 locations. It has 13.33 P/E ratio. It owns around 17,000 acres, 87,720 plots and 380 construction sites.