Persimmon plc (PSN) Insider Rachel Kentleton Purchases 545 Shares

Persimmon plc (LON:PSN) insider Rachel Kentleton bought 545 shares of the business’s stock in a transaction dated Wednesday, March 14th. The shares were purchased at an average cost of GBX 2,547 ($35.75) per share, with a total value of £13,881.15 ($19,485.05).

PSN traded up GBX 24 ($0.34) on Friday, hitting GBX 2,644 ($37.11). 1,039,472 shares of the company’s stock were exchanged, compared to its average volume of 1,520,000. Persimmon plc has a fifty-two week low of GBX 2,046 ($28.72) and a fifty-two week high of GBX 2,901 ($40.72).

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The firm also recently announced a dividend, which will be paid on Monday, July 2nd. Shareholders of record on Thursday, June 14th will be paid a dividend of GBX 110 ($1.54) per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a yield of 4.26%.

Several research firms have recently weighed in on PSN. Barclays reaffirmed an “underweight” rating and set a GBX 2,551 ($35.81) target price on shares of Persimmon in a report on Monday, March 19th. Liberum Capital reissued a “hold” rating and issued a GBX 2,382 ($33.44) price target on shares of Persimmon in a research note on Friday, December 15th. Citigroup reissued a “neutral” rating and issued a GBX 2,860 ($40.15) price target on shares of Persimmon in a research note on Wednesday, January 10th. Numis Securities raised shares of Persimmon to an “add” rating and set a GBX 3,173 ($44.54) price target on the stock in a research note on Wednesday, February 28th. Finally, Credit Suisse Group lifted their price target on shares of Persimmon from GBX 2,529 ($35.50) to GBX 2,840 ($39.87) and gave the company a “neutral” rating in a research note on Monday, March 5th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. Persimmon has a consensus rating of “Hold” and a consensus price target of GBX 2,749.38 ($38.59).

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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.

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