Persimmon (OTCMKTS:PSMMY) Downgraded by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft lowered shares of Persimmon (OTCMKTS:PSMMY) from a buy rating to a hold rating in a research note published on Friday, The Fly reports. They currently have 2,897.00 price target on the stock, down from their prior price target of 3,268.00.

Several other research firms also recently issued reports on PSMMY. Investec began coverage on shares of Persimmon in a research note on Friday, December 3rd. They set a buy rating and a 3,035.00 price objective for the company. Berenberg Bank upgraded shares of Persimmon to a buy rating in a research note on Wednesday, November 24th. Barclays downgraded shares of Persimmon from an overweight rating to an underweight rating and set a 2,500.00 price target on the stock. in a research report on Monday, December 6th. Finally, Zacks Investment Research raised shares of Persimmon from a sell rating to a hold rating in a report on Wednesday, December 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Persimmon currently has a consensus rating of Hold and an average target price of $2,128.00.

PSMMY opened at $71.28 on Friday. Persimmon has a 52-week low of $68.23 and a 52-week high of $95.50. The company has a 50 day moving average of $74.97 and a two-hundred day moving average of $76.95.

About Persimmon

Persimmon Plc operates as a holding company of the Persimmon Group of companies, which engages in building, designing, and construction of new homes. Its brands include Charles Church, Westbury Partnershisps, Space4, Brickworks, and Tileworks. The company was founded by Duncan Henry Davidson in 1972 and is headquartered in Fulford, the United Kingdom.

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