Persimmon (LON:PSN) Lowered to Hold Rating by Deutsche Bank Aktiengesellschaft

Persimmon (LON:PSN) was downgraded by Deutsche Bank Aktiengesellschaft to a “hold” rating in a research note issued on Thursday,London Stock Exchange reports. They presently have a GBX 1,419 target price on the stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 0.89% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. The Goldman Sachs Group began coverage on Persimmon in a research report on Monday, November 24th. They issued a “buy” rating and a GBX 1,446 price objective on the stock. Citigroup increased their price objective on Persimmon from GBX 1,613 to GBX 1,615 and gave the company a “buy” rating in a research report on Wednesday. Jefferies Financial Group reduced 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. JPMorgan Chase & Co. raised their price target on shares of Persimmon from GBX 1,520 to GBX 1,800 and gave the company an “overweight” rating in a report on Thursday, December 4th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 1,330 price target on shares of Persimmon in a research note on Thursday, November 13th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,509.38.

Persimmon Stock Up 4.1%

Shares of LON PSN traded up GBX 55 on Thursday, reaching GBX 1,406.50. 1,473,907 shares of the company’s stock traded hands, compared to its average volume of 4,955,042. The business’s 50 day simple moving average is GBX 1,313.45 and its two-hundred day simple moving average is GBX 1,210.78. Persimmon has a 12 month low of GBX 1,030.50 and a 12 month high of GBX 1,454. The company has a market cap of £4.51 billion, a price-to-earnings ratio of 17.74, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The company has a quick ratio of 1.04, a current ratio of 4.09 and a debt-to-equity ratio of 4.91.

Persimmon Company Profile

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.