Barclays Boosts Persimmon (PSN) Price Target to GBX 2,487

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Persimmon (LON:PSN) had its target price increased by Barclays from GBX 2,474 ($32.33) to GBX 2,487 ($32.50) in a report published on Monday. Barclays currently has an underweight rating on the stock.

A number of other research analysts have also weighed in on PSN. Liberum Capital reaffirmed a buy rating on shares of Persimmon in a research note on Tuesday, October 30th. Credit Suisse Group reissued a neutral rating and issued a GBX 2,840 ($37.11) target price on shares of Persimmon in a research note on Friday, November 2nd. Shore Capital raised shares of Persimmon to a hold rating and decreased their target price for the stock from GBX 2,690 ($35.15) to GBX 2,295 ($29.99) in a research note on Wednesday, November 7th. Peel Hunt reissued a hold rating on shares of Persimmon in a research note on Wednesday, November 7th. Finally, Canaccord Genuity reissued a buy rating and issued a GBX 2,870 ($37.50) target price on shares of Persimmon in a research note on Wednesday, November 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of GBX 2,656.83 ($34.72).

Shares of Persimmon stock opened at GBX 2,449 ($32.00) on Monday. Persimmon has a twelve month low of GBX 2,046 ($26.73) and a twelve month high of GBX 2,901 ($37.91).

About Persimmon

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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