BlackRock Increases Stake in Persimmon PLC

Persimmon ( (GB:PSN) ) has shared an announcement.

Persimmon PLC, a UK-based company, has announced a change in its major holdings due to an acquisition or disposal of voting rights by BlackRock, Inc., an American investment management corporation. BlackRock’s voting rights in Persimmon have increased from 5.05% to 5.20%, indicating a slight increase in their influence over the company. This change could potentially impact Persimmon’s strategic decisions and market position, reflecting BlackRock’s continued interest and investment in the company.

The most recent analyst rating on (GB:PSN) stock is a Buy with a £1834.00 price target. To see the full list of analyst forecasts on Persimmon stock, see the GB:PSN Stock Forecast page.

Spark’s Take on GB:PSN Stock

According to Spark, TipRanks’ AI Analyst, GB:PSN is a Outperform.

Persimmon’s strong financial stability, positive technical indicators, and strategic corporate activities contribute to a strong score. Improvements in cash flow efficiency and strategic growth initiatives provide a positive outlook.

To see Spark’s full report on GB:PSN stock, click here.

More about Persimmon

Average Trading Volume: 1,547,996

Technical Sentiment Signal: Buy

Current Market Cap: £4.41B

For detailed information about PSN stock, go to TipRanks’ Stock Analysis page.