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Home / Momentum / Persimmon (PSN.L) 30-01-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Persimmon (PSN.L) 30-01-20

Will Persimmon (PSN.L) continue to rise?

 

  • Now trading at 3014p (at time of writing), the share price momentum has been strong.
  • Is this trend your friend?
  • Could this appeal to momentum investors?
  • Whilst the trend has been strong, remember that past patterns are not necessarily an indication of the future.
  • Be mindful of new events and the influence they can have on price action. Check regularly for updates.
  • Shares -0% from 12-month highs; +64% from 12 month lows.

Latest News

 

15 Jan:  Persimmon announced that revenues for the year declined by 2.4%, as the rate of property completions were curtailed in an effort to improve build quality and service.

14 Jan:  Liberum Capital reiterates its buy rating on Persimmon (PSN) and increased the target price to 3050p (from 2950p).

14 Jan:  Deutsche Bank reiterates its buy rating on Persimmon (PSN) and increased the target price to 3096p (from 2386p).

13 Jan:  Peel Hunt reiterates its hold rating on Persimmon (PSN) and increased the target price to 2830p (from 2025p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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