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 Monday, Analyst Ratings.Net reports. They currently have a GBX 1,202 ($19.25) price objective on the stock. Deutsche Bank’s price objective indicates a potential upside of 7.80% from the company’s current price.
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 ($20.82) 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 ($19.94) 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 investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 1,260.26 ($20.19).
Shares of Persimmon (LON:PSN) traded down 1.06% on Monday, hitting GBX 1115.00. 688,164 shares of the company’s stock traded hands. Persimmon has a one year low of GBX 727.50 and a one year high of GBX 1321.00. The stock has a 50-day moving average of GBX 1166.43 and a 200-day moving average of GBX 1144.31. The company’s market cap is £3.382 billion.
Persimmon Plc is the holding company of the Persimmon Group of companies (LON:PSN).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.