Persimmon plc (PSN) Lowered to “Underperform” at BNP Paribas

Persimmon plc (LON:PSN) was downgraded by analysts at BNP Paribas to an “underperform” rating in a report issued on Thursday.

Other equities analysts have also issued reports about the company. Canaccord Genuity reiterated a ” buy” rating and set a GBX 1,970 ($24.80) price objective on shares of Persimmon plc in a research report on Thursday, January 5th. Numis Securities Ltd upgraded Persimmon plc to an “add” rating and set a GBX 2,200 ($27.69) price objective on the stock in a research report on Friday, January 6th. Liberum Capital restated a “buy” rating and set a GBX 1,900 ($23.91) price target on shares of Persimmon plc in a research report on Thursday, January 5th. Beaufort Securities restated a “buy” rating on shares of Persimmon plc in a research report on Friday, January 6th. Finally, HSBC Holdings plc restated a “buy” rating and set a GBX 2,148 ($27.04) price target on shares of Persimmon plc in a research report on Wednesday, February 8th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 1,976.57 ($24.88).

Analyst Recommendations for Persimmon plc (LON:PSN)

Persimmon plc (LON:PSN) opened at 2281.00 on Thursday. The company’s market cap is GBX 7.03 billion. Persimmon plc has a 12 month low of GBX 1,170.00 and a 12 month high of GBX 2,299.00. The company has a 50 day moving average price of GBX 2,119.94 and a 200-day moving average price of GBX 1,892.61.

The firm also recently disclosed a dividend, which will be paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th will be issued a GBX 110 ($1.38) dividend. The ex-dividend date is Thursday, June 15th. This represents a yield of 5.42%. This is a boost from Persimmon plc’s previous dividend of $25.00.

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In other Persimmon plc news, insider David Jenkinson sold 3,948 shares of the stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of GBX 2,125 ($26.75), for a total value of £83,895 ($105,594.71). Also, insider Rachel Kentleton acquired 710 shares of the company’s stock in a transaction on Monday, March 6th. The stock was acquired at an average price of GBX 2,117 ($26.65) per share, with a total value of £15,030.70 ($18,918.44).

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.

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