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).

Analyst Recommendations for Persimmon plc (LON:PSN)

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.

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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.

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