Persimmon plc with ticker (LON:PSN) now has a potential upside of 11.4% according to Morgan Stanley.
Morgan Stanley set a target price of 2,900 GBX for the company, which when compared to the Persimmon plc share price of 2,569 GBX at opening today (20/01/2022) indicates a potential upside of 11.4%. Trading has ranged between 2,476 (52 week low) and 3,272 (52 week high) with an average of 702,633 shares exchanging hands daily. The market capitalisation at the time of writing is £8,209,988,608.
Persimmon PLC is a United Kingdom-based holding company. The Company is engaged in house building approximately 31 operating businesses, three house building brands and three off-site manufacturing facilities providing homes and serving their local communities across the United Kingdom. The Company trades under the brand names of Persimmon Homes, Charles Church and Westbury Partnerships. It trades under the brand names of Persimmon Homes, Charles Church, Westbury Partnerships, Space4, Brickworks, TileWorks and FibreNest. Its Persimmon Homes brand delivers a range of traditional family housing. Its Charles Church brand builds tailored homes for local markets. Its Westbury Partnerships focuses on affordable social housing. The Space4 business operates an off-site manufacturing plant producing timber frames, insulated wall panels and roof cassettes as a fabric solution to the construction of new homes.
Persimmon plc 11.4% potential upside indicated by Morgan Stanley
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- Written by: Anthony Fox
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Persimmon Plc reports strong business momentum with a target of 10,500 home completions for 2024, driven by robust sales and consistent growth.
Persimmon Plc (LON:PSN) reports strong H1 2024 results with a 5% rise in new home completions, robust revenue growth, and enhanced customer satisfaction.
