Labour’s landslide victory sees U.K. housebuilder stocks surge
Written by Emily J. Thompson, Senior Investment Analyst
Source: MarketWatch
- Labour Party's Election Victory Impact: The Labour Party's significant win in the U.K. general election led to a rise in shares of top housebuilders as investors anticipate the government's commitment to building 1.5 million new homes in the next five years.
- Housing Crisis Resolution Plans: The Labour Party's manifesto from June includes strategies to address Britain's housing crisis by reintroducing mandatory house building targets and reforming the country's planning system, which is seen as a key obstacle.
Analyst Views on PSN
Wall Street analysts forecast PSN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PSN is 84.00 USD with a low forecast of 70.00 USD and a high forecast of 107.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
10 Buy
4 Hold
0 Sell
Moderate Buy
Current: 72.360
Low
70.00
Averages
84.00
High
107.00
Current: 72.360
Low
70.00
Averages
84.00
High
107.00
About PSN
Parsons Corporation is a disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Its Federal Solutions segment provides advanced technical solutions to the United States government. This segment provides advanced technologies, supporting national security missions in cyber operations, missile defense, and military facility modernization, logistics support, hazardous material remediation and engineering services. Its Critical Infrastructure segment offers integrated engineering and management services for complex physical and digital infrastructure around the globe. This segment is a technology innovator focused on next-generation digital systems and complex structures. It also develops advanced, warfighter-focused solutions for military and security applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
