Deutsche Bank Reiterates Hold Rating for Persimmon (PSN)
Persimmon (LON:PSN)‘s stock had its “hold” rating restated by equities researchers at Deutsche Bank in a research report issued on Monday, Stock Ratings Network.com reports. They currently have a GBX 1,274 ($20.34) price target on the stock. Deutsche Bank’s target price would indicate a potential upside of 6.61% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Persimmon in a research note to investors on Friday, October 4th. They now have a GBX 1,162 ($18.55) price target on the stock. Separately, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Persimmon in a research note to investors on Thursday, October 3rd. They now have a GBX 1,300 ($20.75) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Persimmon in a research note to investors on Tuesday, October 1st. They now have a GBX 1,300 ($20.75) price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Persimmon has a consensus rating of “Hold” and a consensus price target of GBX 1,265.41 ($20.20).
Shares of Persimmon (LON:PSN) traded down 0.17% on Monday, hitting GBX 1195.00. 835,646 shares of the company’s stock traded hands. Persimmon has a one year low of GBX 680.148 and a one year high of GBX 1321.00. The stock’s 50-day moving average is GBX 1166.43 and its 200-day moving average is GBX 1144.31. The company’s market cap is £3.624 billion.
Persimmon Plc is the holding company of the Persimmon Group of companies (LON:PSN).
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