Deutsche Bank Reiterates “Hold” Rating for Persimmon (PSN)
Persimmon (LON:PSN)‘s stock had its “hold” rating reaffirmed by research analysts at Deutsche Bank in a report released on Friday, American Banking News reports. They currently have a GBX 1,202 ($18.79) target price on the stock. Deutsche Bank’s target price indicates a potential upside of 4.52% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Persimmon (LON:PSN) in a research note to investors on Monday, September 2nd. They now have a GBX 1,300 ($20.33) price target on the stock. Separately, analysts at Liberum Capital reiterated a “hold” rating on shares of Persimmon (LON:PSN) in a research note to investors on Wednesday, August 28th. They now have a GBX 1,245 ($19.47) price target on the stock. Finally, analysts at Beaufort Securities reiterated a “hold” rating on shares of Persimmon (LON:PSN) in a research note to investors on Wednesday, August 21st.
Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Persimmon currently has an average rating of “Hold” and a consensus target price of GBX 1,260.26 ($19.70).
Shares of Persimmon (LON:PSN) traded up 1.04% on Friday, hitting GBX 1162.00. 589,507 shares of the company’s stock traded hands. The stock has a 50-day moving average of GBX 1183.68 and a 200-day moving average of GBX 1136.. The company’s market cap is £3.524 billion.
Persimmon Plc is the holding company of the Persimmon Group of companies (LON:PSN).
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