Persimmon plc (PSN) Earns “Hold” Rating from Deutsche Bank AG
Persimmon plc (LON:PSN)‘s stock had its “hold” rating reaffirmed by equities research analysts at Deutsche Bank AG in a research note issued to investors on Tuesday. They presently have a GBX 2,092 ($27.31) target price on the stock. Deutsche Bank AG’s target price would indicate a potential upside of 19.34% from the company’s current price.
PSN has been the subject of a number of other research reports. Credit Suisse Group AG increased their target price on shares of Persimmon plc from GBX 1,273 ($16.62) to GBX 1,702 ($22.22) and gave the company a “neutral” rating in a research report on Friday, September 23rd. Liberum Capital reissued a “hold” rating and issued a GBX 1,486 ($19.40) price target on shares of Persimmon plc in a report on Thursday, September 15th. Canaccord Genuity reissued a “buy” rating and issued a GBX 1,970 ($25.71) price target on shares of Persimmon plc in a report on Tuesday, September 20th. JPMorgan Chase & Co. raised shares of Persimmon plc to an “overweight” rating and cut their price target for the company from GBX 2,100 ($27.41) to GBX 1,950 ($25.45) in a report on Monday, August 15th. Finally, Citigroup Inc. reissued a “neutral” rating and issued a GBX 1,775 ($23.17) price target on shares of Persimmon plc in a report on Wednesday, August 24th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 1,841.09 ($24.03).
Persimmon plc (LON:PSN) traded down 3.84% during midday trading on Tuesday, reaching GBX 1753.00. 2,767,494 shares of the company were exchanged. Persimmon plc has a 52-week low of GBX 1,170.00 and a 52-week high of GBX 2,255.00. The firm’s 50-day moving average price is GBX 1,815.08 and its 200 day moving average price is GBX 1,844.90. The stock’s market capitalization is GBX 5.39 billion.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/09/persimmon-plc-psn-earns-hold-rating-from-deutsche-bank-ag.html
About Persimmon plc
Persimmon Plc is a United Kingdom-based holding company. The Company is engaged in house building within the United Kingdom. The Company trades under the brand names of Persimmon Homes, Charles Church, Westbury Partnerships and Space4. The Company offers a range of homes from studio apartments to family homes in approximately 400 locations under Permission homes brand.
Receive News & Ratings for Persimmon plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Persimmon plc and related companies with MarketBeat.com's FREE daily email newsletter.