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JP Morgan Cazenove announced Persimmon PLC (LON:PSN), dropping its stock price target to 1,950.00GBX today

In a report issued 8/15/2016 JP Morgan Cazenove dropped the target price of Persimmon PLC (LON:PSN) from 2,100GBX to 1,950GBX indicating a possible upside of 0.14%.

Previously on Thursday July 28 2016, Deutsche Bank reported about Persimmon PLC(LON:PSN) bumped the target price at 2,072.00GBX that suggested an upside of 0.23%.

Yesterday Persimmon PLC (LON:PSN) traded 1.35% lower at 1,710.00GBX. PSN’s 50-day moving average is 1,773.95GBX and its 200-day moving average is 1,871.34GBX. With the last stock price down 6.43% relative to the two hundred day moving average, compared with the S&P 500 Index which has fallen -0.01% over the same period. 1,703,090 shares of Persimmon PLC were exchanged, down from ann avg. volume of 2,146,330.

See Chart Below:

Persimmon PLC (LON:PSN)

Persimmon PLC has a price-earnings of 10 with a 52 week low of 1,170.00GBX and a one-year high of 2,255.00GBX and has a market capitalization of 0.0 GBX.

A total of 13 equity analysts have issued a research note on the stock. One analyst rate the stock a strong buy, two firms rate the company a buy, 11 firms rate the company a hold, two brokerages rate the company to underperform, and finally 0 firmsrate the company as sell with a 12-month target price of 1,846.54GBX

Brief Synopsis On Persimmon PLC (LON:PSN)

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. The Company builds homes tailored to local markets under Charles Church brand. The Company focuses on social housing and sells these homes under Westbury Partnerships. The Company’s Space4 business operates the automated timber frame manufacturing plant in the United Kingdom. The Company owns approximately 17, 700 acres and over 54, and 300 plots. The Company operates through a network of approximately 30 regional offices.

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