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Persimmon ( (GB:PSN) ) has issued an update.
The UK Competition and Markets Authority (CMA) has proposed closing its investigation into Persimmon and six other UK housebuilders regarding suspected anti-competitive conduct, without finding any infringement of UK competition law by Persimmon. The company has cooperated with the CMA and, along with other housebuilders, has voluntarily offered commitments, including a £15.24 million contribution to the government’s Affordable Homes Programme, to address potential concerns, while maintaining that this does not imply any wrongdoing.
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 and recent strategic moves, including the sale of FibreNest, reflect a positive outlook. Despite current technical weakness, the stock’s reasonable valuation and attractive dividend yield provide a compelling case for long-term investment. The company’s proactive management and growth prospects further bolster its position in the residential construction industry.
To see Spark’s full report on GB:PSN stock, click here.
More about Persimmon
Persimmon PLC is a prominent UK-based housebuilder known for delivering high-quality, affordable homes. The company focuses on maintaining high standards of customer service and satisfaction.
Average Trading Volume: 1,468,109
Technical Sentiment Signal: Strong Sell
Current Market Cap: £3.83B
See more insights into PSN stock on TipRanks’ Stock Analysis page.