Peel Hunt Increases Persimmon (PSN) Price Target to GBX 2,775

Persimmon (LON:PSN) had its price target hoisted by Peel Hunt from GBX 2,720 ($38.95) to GBX 2,775 ($39.73) in a research report released on Thursday. Peel Hunt currently has a hold rating on the stock.

PSN has been the subject of several other reports. Shore Capital reissued a sell rating on shares of Persimmon in a report on Thursday, March 8th. JPMorgan Chase reissued an overweight rating on shares of Persimmon in a report on Wednesday, February 28th. Deutsche Bank lifted their price target 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 report on Wednesday, February 28th. Liberum Capital reissued a hold rating and set a GBX 2,740 ($39.23) price target on shares of Persimmon in a report on Tuesday, February 27th. Finally, Jefferies Group lifted their price target 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 report on Tuesday, March 20th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Persimmon presently has a consensus rating of Hold and an average target price of GBX 2,761.31 ($39.54).

LON:PSN opened at GBX 2,717 ($38.90) on Thursday. Persimmon has a 52 week low of GBX 2,046 ($29.30) and a 52 week high of GBX 2,901 ($41.54).

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

In other Persimmon 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 value of £3,236,475.48 ($4,634,128.69). Also, insider Rachel Kentleton acquired 545 shares of the stock in a transaction on Wednesday, March 14th. The stock was bought at an average price 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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