Could Persimmon plc See a Reversal After This Very Strong Session?

 Could Persimmon plc See a Reversal After This Very Strong Session?

The stock of Persimmon plc (LON:PSN) is a huge mover today! The stock increased 0.70% or GBX 12.27 on November 18, hitting GBX 1775.27. About 1.45 million shares traded hands. Persimmon plc (LON:PSN) has declined 5.47% since April 20, 2016 and is downtrending. It has underperformed by 9.90% the S&P500.
The move comes after 9 months positive chart setup for the GBX 5.55 billion company. It was reported on Nov, 18 by Barchart.com. We have GBX 2716.16 PT which if reached, will make LON:PSN worth GBX 2.94B more.

Persimmon plc (LON:PSN) Ratings Coverage

Out of 19 analysts covering Persimmon PLC (LON:PSN), 8 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 42% are positive. GBX 2640 is the highest target while GBX 1383 is the lowest. The GBX 2061.87 average target is 16.14% above today’s (GBX 1775.27) stock price. Persimmon PLC has been the topic of 121 analyst reports since July 24, 2015 according to StockzIntelligence Inc. JP Morgan maintained Persimmon plc (LON:PSN) on Thursday, August 20 with “Neutral” rating. UBS maintained Persimmon plc (LON:PSN) on Wednesday, November 4 with “Neutral” rating. The company was upgraded on Monday, August 15 by JP Morgan. The rating was maintained by Jefferies with “Hold” on Tuesday, January 12. Deutsche Bank maintained it with “Hold” rating and GBX 2072 target price in Tuesday, July 26 report. The firm has “Hold” rating by Deutsche Bank given on Tuesday, May 31. On Thursday, November 5 the stock rating was maintained by JP Morgan with “Underweight”. As per Wednesday, July 6, the company rating was maintained by Beaufort Securities. The company was maintained on Tuesday, July 5 by Canaccord Genuity. The stock has “Neutral” rating given by Citigroup on Wednesday, August 24.

More news for Persimmon plc (LON:PSN) were recently published by: Bloomberg.com, which released: “Persimmon Shares Rise on Reservation Bounce After Brexit Vote” on August 23, 2016. Fool.Co.Uk‘s article titled: “Why I’m avoiding Persimmon plc, Taylor Wimpey plc and Bellway plc” and published on June 30, 2016 is yet another important article.

Persimmon Plc is a United Kingdom-based holding company. The company has a market cap of 5.55 billion GBP. The Firm is engaged in house building within the United Kingdom. It has a 9.86 P/E ratio. The Firm trades under the brand names of Persimmon Homes, Charles Church, Westbury Partnerships and Space4.

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