Persimmon (PSN) Earns Neutral Rating from Citigroup
Persimmon (LON:PSN)‘s stock had its “neutral” rating reiterated by investment analysts at Citigroup in a research report issued to clients and investors on Wednesday. They presently have a GBX 2,860 ($38.78) price target on the stock. Citigroup’s price target would suggest a potential upside of 7.16% from the company’s current price.
A number of other research firms have also issued reports on PSN. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 2,800 ($37.97) price target on shares of Persimmon in a research report on Tuesday, November 7th. Barclays lowered Persimmon to an “underweight” rating and raised their target price for the stock from GBX 2,566 ($34.80) to GBX 2,711 ($36.76) in a research report on Monday, October 30th. Liberum Capital reissued a “hold” rating and set a GBX 2,382 ($32.30) target price on shares of Persimmon in a research report on Wednesday, November 8th. Shore Capital reissued a “sell” rating on shares of Persimmon in a research report on Wednesday, November 8th. Finally, Peel Hunt reissued a “hold” rating and set a GBX 2,720 ($36.89) target price on shares of Persimmon in a research report on Wednesday, November 8th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 2,577 ($34.95).
Shares of Persimmon (LON PSN) opened at GBX 2,669 ($36.19) on Wednesday. The stock has a market capitalization of $8,160.00 and a PE ratio of 1,196.86. Persimmon has a 12-month low of GBX 1,884 ($25.55) and a 12-month high of GBX 2,901 ($39.34).
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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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