Persimmon’s (PSN) “Neutral” Rating Reiterated at Citigroup

Persimmon (LON:PSN)‘s stock had its “neutral” rating reiterated by equities research analysts at Citigroup in a research note issued on Friday, Analyst Ratings Network reports. They currently have a GBX 2,648 ($35.94) price objective on the stock. Citigroup’s target price would suggest a potential upside of 3.88% from the company’s previous close.

PSN has been the subject of several other reports. Liberum Capital reiterated a “buy” rating and set a GBX 3,440 ($46.69) target price on shares of Persimmon in a research note on Thursday, December 16th. Deutsche Bank Aktiengesellschaft cut Persimmon to a “hold” rating and reduced their target price for the company from GBX 3,268 ($44.36) to GBX 2,897 ($39.32) in a research note on Friday. JPMorgan Chase & Co. increased their target price on Persimmon from GBX 3,530 ($47.92) to GBX 3,580 ($48.60) and gave the company an “overweight” rating in a research note on Friday. Berenberg Bank increased their target price on Persimmon from GBX 3,340 ($45.34) to GBX 3,410 ($46.29) and gave the company a “buy” rating in a research note on Monday, November 22nd. Finally, Barclays cut Persimmon to an “underweight” rating and reduced their price objective for the stock from GBX 3,000 ($40.72) to GBX 2,500 ($33.94) in a research note on Monday, December 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Persimmon has an average rating of “Buy” and an average target price of GBX 3,186.58 ($43.25).

Shares of LON:PSN opened at GBX 2,549 ($34.60) on Friday. The company has a quick ratio of 1.62, a current ratio of 4.71 and a debt-to-equity ratio of 0.25. Persimmon has a 52-week low of GBX 2,476 ($33.61) and a 52-week high of GBX 3,272 ($44.41). The company has a 50 day moving average of GBX 2,770.29 and a two-hundred day moving average of GBX 2,800.31. The company has a market capitalization of £8.13 billion and a price-to-earnings ratio of 10.31.

In related news, insider Shirine Khoury-Haq bought 355 shares of the business’s stock in a transaction on Monday, November 29th. The shares were bought at an average cost of GBX 2,795 ($37.94) per share, for a total transaction of £9,922.25 ($13,468.51).

About Persimmon

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; executive housing under the Charles Church brand; and social housing under the Westbury Partnerships brand name. It also provides broadband services.

Read More: What is quantitative easing?

Analyst Recommendations for Persimmon (LON:PSN)

Receive News & Ratings for Persimmon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Persimmon and related companies with MarketBeat.com's FREE daily email newsletter.