Persimmon (LON:PSN) Given New GBX 1,403 Price Target at Deutsche Bank Aktiengesellschaft

Persimmon (LON:PSN) had its price target reduced by analysts at Deutsche Bank Aktiengesellschaft from GBX 1,419 to GBX 1,403 in a note issued to investors on Friday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 20.74% from the company’s previous close.

Several other brokerages have also recently issued reports on PSN. JPMorgan Chase & Co. decreased their price target on shares of Persimmon from GBX 1,800 to GBX 1,430 and set an “overweight” rating for the company in a research report on Tuesday, June 16th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,350 price target on shares of Persimmon in a report on Friday. Citigroup reduced their price objective on shares of Persimmon from £161.50 to £128 and set a “buy” rating on the stock in a research note on Tuesday, June 23rd. Panmure Gordon restated a “buy” rating and issued a GBX 1,694 price objective on shares of Persimmon in a report on Friday, May 1st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,591 target price on shares of Persimmon in a research report on Thursday, April 30th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,564.40.

Persimmon Price Performance

Shares of PSN opened at GBX 1,162 on Friday. The company has a quick ratio of 1.04, a current ratio of 3.99 and a debt-to-equity ratio of 0.46. The stock has a market cap of £3.73 billion, a PE ratio of 13.17, a PEG ratio of 0.83 and a beta of 1.39. Persimmon has a 12-month low of GBX 947.40 and a 12-month high of GBX 1,552. The business has a 50-day simple moving average of GBX 1,075.49 and a two-hundred day simple moving average of GBX 1,184.79.

Persimmon (LON:PSN) last announced its quarterly earnings results on Thursday, August 6th. The company reported GBX 38 EPS for the quarter. Persimmon had a return on equity of 8.05% and a net margin of 7.62%. Analysts anticipate that Persimmon will post 98.2810615 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Persimmon news, insider Dean K. Finch sold 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of GBX 1,119, for a total transaction of £671,400. Corporate insiders own 2.63% of the company’s stock.

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.