Deutsche Bank Reaffirms 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 1,432 ($23.94) target price on the stock. Deutsche Bank’s price objective would suggest a potential upside of 7.27% from the company’s current price.
A number of other analysts have also recently weighed in on PSN. Analysts at Panmure Gordon reiterated a “hold” rating on shares of Persimmon plc in a research note on Tuesday. They now have a GBX 1,300 ($21.73) price target on the stock. Separately, analysts at Liberum Capital reiterated a “hold” rating on shares of Persimmon plc in a research note on Tuesday. They now have a GBX 1,238 ($20.70) price target on the stock. Finally, 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 ($24.84) price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. Persimmon plc has a consensus rating of “Hold” and an average price target of GBX 1,446.08 ($24.17).
Shares of Persimmon plc (LON:PSN) opened at 1331.00 on Tuesday. Persimmon plc has a 52 week low of GBX 988.188 and a 52 week high of GBX 1428.751. The stock’s 50-day moving average is GBX 1270.93 and its 200-day moving average is GBX 1319.. The company’s market cap is £4.052 billion.
Persimmon Plc is the holding company of the Persimmon Group of companies (LON:PSN).
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