Persimmon plc Rating Reiterated by Deutsche Bank (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 Friday. They currently have a GBX 1,432 ($24.32) price objective on the stock. Deutsche Bank’s price objective indicates a potential upside of 13.74% from the stock’s previous close.
A number of other firms have also recently commented on PSN. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Persimmon plc in a research note on Wednesday, July 23rd. They now have a GBX 1,486 ($25.23) price target on the stock. Separately, analysts at Liberum Capital cut their price target on shares of Persimmon plc from GBX 1,303 ($22.13) to GBX 1,238 ($21.02) in a research note on Friday, July 18th. They now have a “hold” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Persimmon plc in a research note on Wednesday, July 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. Persimmon plc presently has a consensus rating of “Hold” and an average price target of GBX 1,437.75 ($24.41).
Shares of Persimmon plc (LON:PSN) traded up 0.48% during mid-day trading on Friday, hitting GBX 1259.00. The stock had a trading volume of 1,275,253 shares. Persimmon plc has a one year low of GBX 1043.00 and a one year high of GBX 1508.00. The stock’s 50-day moving average is GBX 1258. and its 200-day moving average is GBX 1323.18. The company’s market cap is £3.833 billion.
Persimmon Plc is the holding company of the Persimmon Group of companies (LON:PSN).
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