Persimmon plc 16.7% potential upside indicated by Berenberg Bank

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Persimmon plc with ticker (LON:PSN) now has a potential upside of 16.7% according to Berenberg Bank.

Berenberg Bank set a target price of 3,410 GBX for the company, which when compared to the Persimmon plc share price of 2,840 GBX at opening today (25/11/2021) indicates a potential upside of 16.7%. Trading has ranged between 2,432 (52 week low) and 3,272 (52 week high) with an average of 673,677 shares exchanging hands daily. The market capitalisation at the time of writing is £8,976,288,626.

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 and Westbury Partnerships. The Company offers a range of homes from studio apartments to family homes in approximately 380 locations under Persimmon Homes brand. The Company builds homes under Charles Church brand in a range of locations. The Company focuses on affordable social housing and sells these homes under Westbury Partnerships. The Space4 business operates an off-site manufacturing plant producing timber frames, insulated wall panels and roof cassettes as a fabric first solution to the construction of new homes.

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