Persimmon Plc (LON: PSN) Breaks Above 200-Day Average as RBC Upgrade and Strong Order Book Lift Outlook
Persimmon shares rose to 1,351p by mid-morning on 2 December, breaking above the 200-day moving average after a late-November rally. RBC Capital upgraded the stock to “Outperform” with a £17.50 target, citing faster site openings and strong integration. The stock now sits in the middle of its 52-week range, with a market value just over £4.1bn.