Persimmon plc (PSN) Price Target Raised to GBX 2,102 at Jefferies Group LLC

Persimmon plc (LON:PSN) had its target price boosted by Jefferies Group LLC from GBX 1,779 ($22.96) to GBX 2,102 ($27.13) in a report published on Tuesday, April 18th. They currently have a hold rating on the stock.

PSN has been the subject of several other reports. HSBC Holdings plc reiterated a buy rating and issued a GBX 2,148 ($27.73) price target on shares of Persimmon plc in a research report on Wednesday, February 8th. JPMorgan Chase & Co. reiterated an overweight rating on shares of Persimmon plc in a research report on Friday, January 6th. Deutsche Bank AG reissued a hold rating and set a GBX 2,069 ($26.71) price objective on shares of Persimmon plc in a research note on Friday, January 20th. Shore Capital reissued a buy rating on shares of Persimmon plc in a research note on Monday, February 27th. Finally, Citigroup Inc reissued a neutral rating and set a GBX 1,831 ($23.63) price objective on shares of Persimmon plc in a research note on Friday, January 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of GBX 2,142 ($27.65).

Persimmon plc (LON:PSN) traded up 0.37% on Tuesday, hitting GBX 2431.00. The company had a trading volume of 1,397,270 shares. Persimmon plc has a one year low of GBX 1,170.00 and a one year high of GBX 2,475.00. The stock has a 50 day moving average of GBX 2,284.54 and a 200-day moving average of GBX 1,986.58. The stock’s market capitalization is GBX 7.50 billion.

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The firm also recently declared a dividend, which will be paid on Monday, July 3rd. Investors of record on Thursday, June 15th will be issued a dividend of GBX 110 ($1.42) per share. This represents a yield of 5.42%. The ex-dividend date is Thursday, June 15th. This is an increase from Persimmon plc’s previous dividend of $25.00.

In other news, insider Rachel Kentleton bought 710 shares of Persimmon plc stock in a transaction on Monday, March 6th. The shares were purchased at an average price of GBX 2,117 ($27.33) per share, for a total transaction of £15,030.70 ($19,401.96). Also, insider David Jenkinson sold 3,948 shares of the company’s stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of GBX 2,125 ($27.43), for a total value of £83,895 ($108,293.53).

About Persimmon plc

Persimmon Plc is a United Kingdom-based holding company. The Company is engaged in house building within the United Kingdom. The Company trades under the brand names of Persimmon Homes, Charles Church, Westbury Partnerships and Space4. The Company offers a range of homes from studio apartments to family homes in approximately 400 locations under Persimmon Homes brand.

12 Month Chart for LON:PSN

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