Trade Report: Today, Persimmon plc (PSN) Receives “Hold” Rating from Deutsche Bank AG

Today, Persimmon plc (PSN) Receives “Hold” Rating from Deutsche Bank AG

Persimmon plc (LON:PSN)‘s stock had its “hold” rating reaffirmed by investment analysts at Deutsche Bank AG in a research note issued on Monday.

Several other equities research analysts have also commented on PSN. Peel Hunt reissued a “hold” rating and set a GBX 2,200 ($27.49) price objective on shares of Persimmon plc in a research note on Wednesday, July 20th. JPMorgan Chase & Co. raised shares of Persimmon plc to an “overweight” rating and dropped their price objective for the stock from GBX 2,100 ($26.24) to GBX 1,950 ($24.36) in a research note on Monday, August 15th. Liberum Capital reissued a “hold” rating and set a GBX 1,486 ($18.57) price objective on shares of Persimmon plc in a research note on Tuesday, August 23rd. Canaccord Genuity reissued a “buy” rating and set a GBX 1,540 ($19.24) price objective on shares of Persimmon plc in a research note on Tuesday, August 23rd. Finally, Citigroup Inc. reissued a “neutral” rating and set a GBX 1,775 ($22.18) price objective on shares of Persimmon plc in a research note on Wednesday, August 24th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 1,843.09 ($23.03).

Persimmon plc (LON:PSN) traded down 1.39% on Monday, reaching GBX 1705.00. 702,378 shares of the company were exchanged. Persimmon plc has a 12-month low of GBX 1,170.00 and a 12-month high of GBX 2,255.00. The firm has a 50-day moving average of GBX 1,722.76 and a 200 day moving average of GBX 1,777.21. The firm’s market capitalization is GBX 5.25 billion.

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