Persimmon (LON:PSN) Cut to Hold at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft lowered shares of Persimmon (LON:PSN) to a hold rating in a report issued on Thursday, MarketBeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has GBX 1,419 target price on the stock.

A number of other research analysts also recently commented on PSN. JPMorgan Chase & Co. upped their price objective on Persimmon from GBX 1,520 to GBX 1,800 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. The Goldman Sachs Group began coverage on shares of Persimmon in a report on Monday, November 24th. They issued a “buy” rating and a GBX 1,446 price objective on the stock. Peel Hunt reissued a “buy” rating and set a GBX 1,330 target price on shares of Persimmon in a research note on Thursday, November 13th. Citigroup lifted their price target on Persimmon from GBX 1,613 to GBX 1,615 and gave the company a “buy” rating in a report on Wednesday. Finally, Jefferies Financial Group decreased their price objective on Persimmon from GBX 1,801 to GBX 1,790 and set a “buy” rating for the company in a report on Tuesday, October 7th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Persimmon currently has an average rating of “Moderate Buy” and an average price target of GBX 1,509.38.

Persimmon Trading Down 0.4%

PSN opened at GBX 1,400.92 on Thursday. The firm’s 50 day moving average is GBX 1,321.53 and its 200-day moving average is GBX 1,212.27. Persimmon has a 52-week low of GBX 1,030.50 and a 52-week high of GBX 1,454. The company has a quick ratio of 1.04, a current ratio of 4.09 and a debt-to-equity ratio of 4.91. The firm has a market capitalization of £4.49 billion, a P/E ratio of 17.67, a P/E/G ratio of 0.83 and a beta of 1.37.

About Persimmon

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services under the FibreNest brand; and timber frame, insulated wall panels, and roof cassettes under the brand Space4. Further, it offers concrete bricks and roof tile. Persimmon Plc was founded in 1972 and is headquartered in York, the United Kingdom.