Persimmon Rating Reiterated by Citigroup Inc. (PSN)
Persimmon (LON:PSN)‘s stock had its “buy” rating restated by Citigroup Inc. in a research note issued on Tuesday, AnalystRatingsNetwork reports. They currently have a GBX 1,300 ($20.97) target price on the stock. Citigroup Inc.’s price target would indicate a potential upside of 20.11% from the stock’s previous close.
Shares of Persimmon (LON:PSN) opened at 1086.00 on Tuesday. Persimmon has a 52-week low of GBX 679.215 and a 52-week high of GBX 1321.00. The stock’s 50-day moving average is GBX 1166.43 and its 200-day moving average is GBX 1144.31. The company’s market cap is £3.294 billion.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. upgraded shares of Persimmon (LON:PSN) from a “neutral” rating to an “overweight” rating in a research note to investors on Monday. They now have a GBX 1,250 ($20.17) price target on the stock, down previously from GBX 1,275 ($20.57). Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Persimmon (LON:PSN) in a research note to investors on Monday, September 23rd. They now have a GBX 1,202 ($19.39) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Persimmon (LON:PSN) in a research note to investors on Friday, September 13th. They now have a GBX 1,202 ($19.39) price target on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Persimmon presently has an average rating of “Hold” and a consensus price target of GBX 1,259.41 ($20.32).
Persimmon Plc is the holding company of the Persimmon Group of companies (LON:PSN).
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