The latest update is out from Persimmon ( (GB:PSN) ).
Norges Bank has reduced its voting rights in Persimmon PLC from 4.046360% to 3.944200%, as per the notification received by the company on April 11, 2025. This change in voting rights could influence Persimmon’s shareholder dynamics and potentially impact future decision-making processes within the company.
Spark’s Take on GB:PSN Stock
According to Spark, TipRanks’ AI Analyst, GB:PSN is a Neutral.
Persimmon’s overall stock score is driven by its solid financial performance, marked by revenue and profit recovery, and a strong balance sheet with no debt. The technical analysis suggests neutral to slight bearish momentum, while the valuation offers a fair P/E ratio and a high dividend yield, making it appealing to income-focused investors. Recent corporate events emphasize a positive outlook, further supporting the score.
To see Spark’s full report on GB:PSN stock, click here.
More about Persimmon
Persimmon PLC is a UK-based company operating in the construction industry, primarily focusing on residential housing development. It is one of the leading home builders in the UK, known for creating a wide range of residential properties catering to various market segments.
YTD Price Performance: -6.93%
Average Trading Volume: 2,000,675
Technical Sentiment Signal: Strong Buy
Current Market Cap: £3.47B
For a thorough assessment of PSN stock, go to TipRanks’ Stock Analysis page.