Persimmon Plc Plans Dividend of GBX 110 (LON:PSN)

Persimmon Plc (LON:PSN – Get Rating) declared a dividend on Wednesday, April 27th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, June 16th will be given a dividend of GBX 110 ($1.40) per share on Friday, July 8th. This represents a yield of 5.05%. The ex-dividend date is Thursday, June 16th. The official announcement can be accessed at this link.

Persimmon stock opened at GBX 2,103 ($26.80) on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.57 and a current ratio of 4.88. The firm has a market cap of £6.71 billion and a P/E ratio of 8.58. The business’s fifty day moving average is GBX 2,244.13 and its two-hundred day moving average is GBX 2,516.48. Persimmon has a 52 week low of GBX 2,083 ($26.55) and a 52 week high of GBX 3,272 ($41.70).

In other Persimmon news, insider Dean K. Finch sold 7,102 shares of the stock in a transaction dated Monday, March 21st. The stock was sold at an average price of GBX 2,271 ($28.94), for a total value of £161,286.42 ($205,565.15).

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Persimmon in a research note on Tuesday, February 8th. Berenberg Bank upped their price target on Persimmon from GBX 3,410 ($43.46) to GBX 3,440 ($43.84) and gave the company a “buy” rating in a research note on Wednesday, March 2nd. Citigroup reaffirmed a “neutral” rating and set a GBX 2,648 ($33.75) price target on shares of Persimmon in a research note on Friday, January 14th. JPMorgan Chase & Co. cut their price target on Persimmon from GBX 3,580 ($45.63) to GBX 2,830 ($36.07) and set an “overweight” rating on the stock in a research note on Friday, March 25th. Finally, Barclays reiterated an “underweight” rating and issued a GBX 2,250 ($28.68) price objective on shares of Persimmon in a report on Friday, January 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 3,050.45 ($38.88).

About Persimmon (Get Rating)

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; executive housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services.

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