Persimmon plc (PSN) Receives “Hold” Rating from Deutsche Bank AG
Deutsche Bank AG reiterated their hold rating on shares of Persimmon plc (LON:PSN) in a research note issued to investors on Tuesday morning. The brokerage currently has a GBX 2,092 ($27.31) price objective on the stock.
Several other equities research analysts have also issued reports on PSN. Peel Hunt reissued a hold rating and issued a GBX 2,200 ($28.72) price objective on shares of Persimmon plc in a research report on Tuesday, July 5th. Credit Suisse Group AG increased their price objective on shares of Persimmon plc from GBX 1,273 ($16.62) to GBX 1,702 ($22.22) and gave the stock a neutral rating in a research report on Friday, September 23rd. Canaccord Genuity reaffirmed a buy rating and set a GBX 1,540 ($20.10) price target on shares of Persimmon plc in a report on Tuesday, August 23rd. Liberum Capital reaffirmed a hold rating and set a GBX 1,486 ($19.40) price target on shares of Persimmon plc in a report on Tuesday, August 23rd. Finally, Beaufort Securities reaffirmed a buy rating on shares of Persimmon plc in a report on Wednesday, August 24th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of GBX 1,841.09 ($24.03).
Shares of Persimmon plc (LON:PSN) traded down 0.38% during midday trading on Tuesday, hitting GBX 1852.00. 582,880 shares of the stock were exchanged. The firm has a 50-day moving average price of GBX 1,807.61 and a 200-day moving average price of GBX 1,847.17. The company’s market cap is GBX 5.70 billion. Persimmon plc has a 12-month low of GBX 1,170.00 and a 12-month high of GBX 2,255.00.
Persimmon plc Company Profile
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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