Persimmon (PSN) Given Buy Rating at Liberum Capital

Liberum Capital reaffirmed their buy rating on shares of Persimmon (LON:PSN) in a research report released on Friday. They currently have a GBX 2,840 ($38.11) target price on the stock.

A number of other research firms have also recently issued reports on PSN. Canaccord Genuity reiterated a buy rating and issued a GBX 2,950 ($39.58) target price on shares of Persimmon in a research note on Wednesday, April 25th. Numis Securities upgraded Persimmon to an add rating and set a GBX 3,173 ($42.57) target price on the stock in a research note on Wednesday, February 28th. Credit Suisse Group raised their target price on Persimmon from GBX 2,529 ($33.93) to GBX 2,840 ($38.11) and gave the company a neutral rating in a research note on Monday, March 5th. JPMorgan Chase & Co. reiterated an overweight rating on shares of Persimmon in a research note on Wednesday, February 28th. Finally, Jefferies Group raised their target price on Persimmon from GBX 2,516 ($33.76) to GBX 2,694 ($36.15) and gave the company a hold rating in a research note on Tuesday, March 20th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of GBX 2,749.43 ($36.89).

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Persimmon stock opened at GBX 2,841 ($38.12) on Friday. Persimmon has a 12 month low of GBX 2,046 ($27.45) and a 12 month high of GBX 2,901 ($38.92).

The business also recently disclosed a dividend, which will be paid on Monday, July 2nd. Investors of record on Thursday, June 14th will be paid a dividend of GBX 110 ($1.48) per share. This represents a dividend yield of 4.26%. The ex-dividend date of this dividend is Thursday, June 14th.

In related news, insider David Jenkinson sold 127,722 shares of Persimmon stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of GBX 2,534 ($34.00), for a total transaction of 拢3,236,475.48 ($4,342,513.73). Also, insider Rachel Kentleton acquired 545 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The shares were bought at an average price of GBX 2,547 ($34.17) per share, for a total transaction of 拢13,881.15 ($18,624.92).

Persimmon Company Profile

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.