Deutsche Bank Reiterates “Hold” Rating for Persimmon plc (PSN)
Persimmon plc (LON:PSN)‘s stock had its “hold” rating restated by analysts at Deutsche Bank in a research report issued to clients and investors on Tuesday. They currently have a GBX 1,400 ($23.83) target price on the stock. Deutsche Bank’s price target would indicate a potential upside of 16.09% from the company’s current price.
Shares of Persimmon plc (LON:PSN) traded down 0.82% during mid-day trading on Tuesday, hitting GBX 1206.00. The stock had a trading volume of 1,361,307 shares. Persimmon plc has a one year low of GBX 988.188 and a one year high of GBX 1428.751. The stock has a 50-day moving average of GBX 1309. and a 200-day moving average of GBX 1314.. The company’s market cap is £3.672 billion.
PSN has been the subject of a number of other recent research reports. Analysts at Liberum Capital reiterated a “hold” rating on shares of Persimmon plc in a research note on Thursday, June 19th. They now have a GBX 1,300 ($22.12) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Persimmon plc in a research note on Monday, June 16th. They now have a GBX 1,570 ($26.72) price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 1,456.77 ($24.79).
Persimmon Plc is the holding company of the Persimmon Group of companies (LON:PSN).
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