Persimmon (PSN) Price Target Raised to GBX 2,775

Persimmon (LON:PSN) had its price objective upped by Peel Hunt from GBX 2,720 ($38.95) to GBX 2,775 ($39.73) in a research note issued to investors on Thursday. Peel Hunt currently has a hold rating on the stock.

A number of other research analysts have also issued reports on the stock. JPMorgan Chase reiterated an overweight rating and issued a GBX 2,950 ($42.24) target price on shares of Persimmon in a research note on Monday, January 8th. Deutsche Bank raised their target price on shares of Persimmon from GBX 2,464 ($35.28) to GBX 3,083 ($44.14) and gave the company a hold rating in a research note on Wednesday, February 28th. Citigroup reiterated a neutral rating and issued a GBX 2,860 ($40.95) target price on shares of Persimmon in a research note on Wednesday, January 10th. Jefferies Group raised their target price on shares of Persimmon from GBX 2,516 ($36.03) to GBX 2,694 ($38.57) and gave the company a hold rating in a research note on Tuesday, March 20th. Finally, Barclays reiterated an underweight rating and issued a GBX 2,551 ($36.53) target price on shares of Persimmon in a research note on Monday, March 19th. 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 company’s stock. The company currently has an average rating of Hold and a consensus target price of GBX 2,761.31 ($39.54).

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LON:PSN opened at GBX 2,717 ($38.90) on Thursday. 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. Shareholders of record on Thursday, June 14th will be issued a GBX 110 ($1.58) dividend. This represents a yield of 4.26%. The ex-dividend date is Thursday, June 14th.

In other news, insider David Jenkinson sold 127,722 shares of the firm’s stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of GBX 2,534 ($36.28), for a total transaction of £3,236,475.48 ($4,634,128.69). Also, insider Rachel Kentleton acquired 545 shares of Persimmon stock in a transaction dated Wednesday, March 14th. The shares were acquired at an average cost of GBX 2,547 ($36.47) per share, with a total value of £13,881.15 ($19,875.64).

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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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