Persimmon plc (PSN) Stock Rating Reaffirmed by Citigroup Inc.
Persimmon plc (LON:PSN)‘s stock had its “neutral” rating reaffirmed by equities researchers at Citigroup Inc. in a research report issued to clients and investors on Thursday. They currently have a GBX 2,468 ($31.97) price target on the stock. Citigroup Inc.’s target price would suggest a potential upside of 4.31% from the stock’s previous close.
PSN has been the topic of a number of other research reports. Jefferies Group LLC raised their target price on Persimmon plc from GBX 2,102 ($27.23) to GBX 2,316 ($30.00) and gave the company a “hold” rating in a report on Monday, June 26th. Peel Hunt raised their target price on Persimmon plc from GBX 2,120 ($27.46) to GBX 2,260 ($29.27) and gave the company a “hold” rating in a report on Wednesday, April 26th. Deutsche Bank AG raised their target price on Persimmon plc from GBX 2,313 ($29.96) to GBX 2,340 ($30.31) and gave the company a “hold” rating in a report on Wednesday, May 31st. HSBC Holdings plc raised their target price on Persimmon plc from GBX 2,148 ($27.82) to GBX 2,321 ($30.06) and gave the company a “buy” rating in a report on Wednesday, March 29th. Finally, Canaccord Genuity raised their target price on Persimmon plc from GBX 2,200 ($28.50) to GBX 2,530 ($32.77) and gave the company a “buy” rating in a report on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 2,318.77 ($30.04).
Persimmon plc (LON PSN) traded down 0.34% during midday trading on Thursday, reaching GBX 2366.00. The company’s stock had a trading volume of 1,030,674 shares. The firm has a 50 day moving average of GBX 2,366.82 and a 200 day moving average of GBX 2,120.40. The firm’s market cap is GBX 7.30 billion. Persimmon plc has a 52-week low of GBX 1,328.00 and a 52-week high of GBX 2,481.00.
About Persimmon plc
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.
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