Persimmon (LON:PSN) had its price target decreased by analysts at Citigroup from GBX 2,860 ($37.02) to GBX 2,575 ($33.33) in a research note issued to investors on Monday. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target points to a potential upside of 4.08% from the stock’s current price.
Several other analysts have also recently issued reports on PSN. Liberum Capital reaffirmed a “buy” rating on shares of Persimmon in a research report on Thursday, July 5th. Peel Hunt reaffirmed a “hold” rating on shares of Persimmon in a research report on Thursday, July 5th. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 2,950 ($38.19) target price on shares of Persimmon in a research report on Wednesday, April 25th. Shore Capital reaffirmed a “sell” rating and set a GBX 2,295 ($29.71) target price on shares of Persimmon in a research report on Wednesday, April 25th. Finally, Berenberg Bank assumed coverage on Persimmon in a research report on Wednesday, July 25th. They set a “hold” rating and a GBX 2,760 ($35.73) target price on the stock. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. Persimmon currently has a consensus rating of “Hold” and an average target price of GBX 2,731.13 ($35.35).
Shares of Persimmon opened at GBX 2,474 ($32.03) on Monday, according to Marketbeat. Persimmon has a 12-month low of GBX 2,046 ($26.49) and a 12-month high of GBX 2,901 ($37.55).
Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers apartments and family homes under the Persimmon Homes brand name; builds executive housing under the Charles Church brand; and operates off-site manufacturing plant. It also provides homes to housing associations under the Westbury Partnerships brand.
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