Persimmon (PSN) Upgraded at Liberum Capital

Liberum Capital upgraded shares of Persimmon (LON:PSN) to a buy rating in a research report released on Friday morning. They currently have GBX 2,840 ($40.66) target price on the stock, up from their prior target price of GBX 2,740 ($39.23).

Several other analysts have also recently weighed in on PSN. Deutsche Bank reissued a hold rating on shares of Persimmon in a report on Monday, January 29th. Numis Securities raised Persimmon to an add rating and set a GBX 3,173 ($45.43) price objective for the company in a report on Wednesday, February 28th. Credit Suisse Group boosted their price objective on Persimmon from GBX 2,529 ($36.21) to GBX 2,840 ($40.66) and gave the stock a neutral rating in a report on Monday, March 5th. Peel Hunt reissued a hold rating and set a GBX 2,720 ($38.95) price objective on shares of Persimmon in a report on Tuesday, February 27th. Finally, Shore Capital reissued a sell rating on shares of Persimmon in a report on Wednesday, February 7th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. Persimmon presently has a consensus rating of Hold and an average target price of GBX 2,757.08 ($39.48).

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Shares of LON:PSN opened at GBX 2,671 ($38.24) on Friday. Persimmon has a 1-year low of GBX 2,046 ($29.30) and a 1-year high of GBX 2,901 ($41.54).

The business also recently declared a dividend, which will be paid on Monday, July 2nd. Stockholders of record on Thursday, June 14th will be paid a GBX 110 ($1.58) dividend. The ex-dividend date is Thursday, June 14th. This represents a dividend yield of 4.26%.

In other news, insider David Jenkinson sold 127,722 shares of the company’s stock in a transaction dated Thursday, March 29th. The stock was sold at an average price of GBX 2,534 ($36.28), for a total value of £3,236,475.48 ($4,634,128.69). Also, insider Rachel Kentleton purchased 751 shares of the stock in a transaction dated Thursday, April 12th. The stock was bought at an average cost of GBX 2,663 ($38.13) per share, with a total value of £19,999.13 ($28,635.64).

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About Persimmon

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.

Analyst Recommendations for Persimmon (LON:PSN)

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