Persimmon plc (PSN) Rating Reiterated by Deutsche Bank AG
Persimmon plc (LON:PSN)‘s stock had its “hold” rating restated by equities research analysts at Deutsche Bank AG in a note issued to investors on Friday.
Several other equities analysts have also recently issued reports on the company. Citigroup Inc. restated a “neutral” rating and set a GBX 2,265 ($29.29) price objective on shares of Persimmon plc in a research note on Monday, May 15th. Barclays PLC raised their price objective on Persimmon plc from GBX 2,123 ($27.46) to GBX 2,566 ($33.19) and gave the stock an “equal weight” rating in a research note on Thursday, July 13th. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 2,600 ($33.63) price objective (up from GBX 2,400 ($31.04)) on shares of Persimmon plc in a research note on Monday, July 3rd. Liberum Capital raised their price objective on Persimmon plc from GBX 2,161 ($27.95) to GBX 2,382 ($30.81) and gave the stock a “hold” rating in a research note on Wednesday, July 19th. Finally, Shore Capital restated a “buy” rating on shares of Persimmon plc in a research note on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. Persimmon plc has a consensus rating of “Hold” and a consensus target price of GBX 2,409 ($31.16).
Persimmon plc (LON:PSN) opened at 2659.00 on Friday. The stock has a 50 day moving average of GBX 2,482.28 and a 200-day moving average of GBX 2,293.55. Persimmon plc has a one year low of GBX 1,600.00 and a one year high of GBX 2,669.00. The firm’s market capitalization is GBX 8.20 billion.
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 Persimmon Homes brand.
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