Persimmon (LON:PSN – Get Free Report) had its price target cut by research analysts at Deutsche Bank Aktiengesellschaft from GBX 1,419 to GBX 1,403 in a research note issued on Friday,Digital Look reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 20.74% from the stock’s previous close.
Several other research firms have also commented on PSN. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 1,350 target price on shares of Persimmon in a report on Friday. Panmure Gordon reiterated a “buy” rating and set a GBX 1,694 price target on shares of Persimmon in a research report on Friday, May 1st. JPMorgan Chase & Co. decreased their price objective on shares of Persimmon from GBX 1,800 to GBX 1,430 and set an “overweight” rating on the stock in a research note on Tuesday, June 16th. Citigroup lowered their price objective on shares of Persimmon from £161.50 to £128 and set a “buy” rating for the company in a research report on Tuesday, June 23rd. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 1,591 target price on shares of Persimmon in a research note on Thursday, April 30th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Persimmon presently has an average rating of “Moderate Buy” and an average target price of GBX 2,564.40.
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Persimmon Price Performance
Persimmon (LON:PSN – Get Free Report) last posted 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%. As a group, research analysts expect that Persimmon will post 98.2810615 EPS for the current fiscal year.
Insider Buying and Selling at Persimmon
In other 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 value of £671,400. Insiders own 2.63% of the company’s stock.
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.
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