Persimmon (PSN) Price Target Cut to GBX 2,630

Persimmon (LON:PSN) had its target price cut by Berenberg Bank from GBX 2,670 ($34.89) to GBX 2,630 ($34.37) in a research note published on Wednesday morning. They currently have a hold rating on the stock.

Several other research firms also recently commented on PSN. Barclays boosted their price objective on Persimmon from GBX 2,474 ($32.33) to GBX 2,487 ($32.50) and gave the company an underweight rating in a report on Monday, February 11th. Liberum Capital restated a buy rating and set a GBX 2,700 ($35.28) price objective on shares of Persimmon in a report on Thursday, December 6th. Peel Hunt restated a hold rating on shares of Persimmon in a report on Wednesday, November 7th. Shore Capital upgraded Persimmon to a buy rating in a report on Thursday, December 13th. Finally, Canaccord Genuity restated a buy rating and set a GBX 2,870 ($37.50) price objective on shares of Persimmon in a report on Wednesday, November 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. Persimmon presently has an average rating of Hold and a consensus target price of GBX 2,606.27 ($34.06).

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LON PSN opened at GBX 2,248 ($29.37) on Wednesday. Persimmon has a 52 week low of GBX 2,046 ($26.73) and a 52 week high of GBX 2,901 ($37.91).

The business also recently declared a dividend, which will be paid on Tuesday, July 2nd. Investors of record on Thursday, June 13th will be issued a dividend of GBX 110 ($1.44) per share. The ex-dividend date is Thursday, June 13th. This represents a yield of 4.68%.

In related news, insider M H. Killoran sold 5,088 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of GBX 2,444 ($31.94), for a total transaction of £124,350.72 ($162,486.24).

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.

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