Deutsche Bank Aktiengesellschaft Cuts Persimmon (LON:PSN) Price Target to GBX 1,403

Persimmon (LON:PSN) had its price target decreased by Deutsche Bank Aktiengesellschaft from GBX 1,419 to GBX 1,403 in a report published on Friday,Digital Look reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

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

Persimmon Trading Down 0.5%

Shares of Persimmon stock opened at GBX 1,161 on Friday. The company has a market capitalization of £3.73 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 0.83 and a beta of 1.39. The company has a quick ratio of 1.04, a current ratio of 3.99 and a debt-to-equity ratio of 0.46. Persimmon has a 12-month low of GBX 947.40 and a 12-month high of GBX 1,552. The firm’s 50-day moving average price is GBX 1,075.49 and its two-hundred day moving average price is GBX 1,184.79.

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

Insider Activity at Persimmon

In related news, insider Dean K. Finch sold 60,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of GBX 1,119, for a total transaction 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.