Persimmon plc (LON:PSN) Stock Rating Reaffirmed by Citigroup Inc.

Persimmon plc (LON:PSN)‘s stock had its “neutral” rating reiterated by Citigroup Inc. in a research report issued on Thursday. They currently have a GBX 2,468 ($31.97) target price on the stock. Citigroup Inc.’s target price suggests a potential upside of 4.31% from the company’s previous close.

Several other research firms also recently issued reports on PSN. Jefferies Group LLC boosted their price objective on shares of Persimmon plc from GBX 2,102 ($27.23) to GBX 2,316 ($30.00) and gave the stock a “hold” rating in a report on Monday, June 26th. Peel Hunt restated a “hold” rating and set a GBX 2,260 ($29.27) price objective on shares of Persimmon plc in a report on Wednesday, June 21st. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 2,400 ($31.09) price objective on shares of Persimmon plc in a report on Thursday, April 6th. Liberum Capital downgraded shares of Persimmon plc to a “hold” rating and boosted their price objective for the stock from GBX 1,900 ($24.61) to GBX 2,161 ($27.99) in a report on Tuesday, April 4th. Finally, Deutsche Bank AG restated a “hold” rating and set a GBX 2,340 ($30.31) price objective on shares of Persimmon plc in a report on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. Persimmon plc has a consensus rating of “Hold” and a consensus price target of GBX 2,318.77 ($30.04).

Persimmon plc (LON PSN) opened at 2380.00 on Thursday. The company’s market cap is GBX 7.34 billion. Persimmon plc has a 12 month low of GBX 1,328.00 and a 12 month high of GBX 2,481.00. The stock’s 50 day moving average is GBX 2,366.82 and its 200 day moving average is GBX 2,120.40.

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Persimmon plc Company Profile

Persimmon Plc is a United Kingdom-based holding company. The Company is engaged in house building within the United Kingdom. The Company trades under the brand names of Persimmon Homes, Charles Church, Westbury Partnerships and Space4. The Company offers a range of homes from studio apartments to family homes in approximately 400 locations under Persimmon Homes brand.

Analyst Recommendations for Persimmon plc (LON:PSN)

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