Citigroup Inc. Reiterates “Neutral” Rating for Persimmon plc (PSN)

Citigroup Inc. reissued their neutral rating on shares of Persimmon plc (LON:PSN) in a report issued on Monday, May 15th, StockTargetPrices.com reports. They currently have a GBX 2,265 ($28.65) price objective on the stock.

Other research analysts have also recently issued reports about the company. Shore Capital reaffirmed a buy rating on shares of Persimmon plc in a research report on Wednesday, March 22nd. HSBC Holdings plc reissued a buy rating and issued a GBX 2,148 ($27.17) target price on shares of Persimmon plc in a research report on Wednesday, February 8th. Beaufort Securities reissued a buy rating on shares of Persimmon plc in a research report on Tuesday, February 28th. Canaccord Genuity increased their price objective on Persimmon plc from GBX 1,970 ($24.92) to GBX 2,200 ($27.83) and gave the stock a buy rating in a research report on Tuesday, February 28th. Finally, Barclays PLC increased their price objective on Persimmon plc from GBX 1,885.10 ($23.85) to GBX 2,123 ($26.86) and gave the stock an equal weight rating in a research report on Tuesday, February 28th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of GBX 2,144.08 ($27.12).

Persimmon plc (LON PSN) traded up 0.71% during mid-day trading on Monday, reaching GBX 2275.00. 2,340,450 shares of the company traded hands. The firm’s market capitalization is GBX 7.02 billion. Persimmon plc has a 12-month low of GBX 1,170.00 and a 12-month high of GBX 2,481.00. The company’s 50 day moving average price is GBX 2,398.36 and its 200 day moving average price is GBX 2,081.66.

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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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