HSBC Holdings plc Reaffirms “Buy” Rating for Persimmon plc (PSN)

HSBC Holdings plc reiterated their buy rating on shares of Persimmon plc (LON:PSN) in a research note published on Wednesday. They currently have a GBX 2,148 ($26.76) price target on the stock.

A number of other research analysts also recently commented on the stock. Deutsche Bank AG reiterated a hold rating and set a GBX 2,069 ($25.77) price objective on shares of Persimmon plc in a research note on Friday, January 20th. Canaccord Genuity reiterated a  buy rating and set a GBX 1,970 ($24.54) price objective on shares of Persimmon plc in a research note on Thursday, January 5th. Beaufort Securities reiterated a buy rating on shares of Persimmon plc in a research note on Friday, January 6th. J P Morgan Chase & Co reiterated an overweight rating on shares of Persimmon plc in a research note on Friday, January 6th. Finally, Numis Securities Ltd upgraded shares of Persimmon plc to an add rating and set a GBX 2,200 ($27.40) price objective on the stock in a research note on Friday, January 6th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of GBX 1,796.71 ($22.38).

Analyst Recommendations for Persimmon plc (LON:PSN)

Shares of Persimmon plc (LON:PSN) opened at 1977.9669 on Wednesday. The company’s market capitalization is GBX 6.09 billion. The company’s 50 day moving average price is GBX 1,903.24 and its 200-day moving average price is GBX 1,785.39. Persimmon plc has a 1-year low of GBX 1,170.00 and a 1-year high of GBX 2,255.00.

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Persimmon plc Company Profile

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 Permission homes brand.

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