Persimmon (LON:PSN) Insider Sells £671,400 in Stock

Persimmon Plc (LON:PSN) insider Dean Finch sold 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of GBX 1,119, for a total transaction of £671,400.

Persimmon Trading Down 0.5%

Shares of PSN stock opened at GBX 1,112.10 on Friday. The company has a 50 day moving average of GBX 1,105.56 and a 200-day moving average of GBX 1,273.52. The company has a quick ratio of 1.04, a current ratio of 3.99 and a debt-to-equity ratio of 0.46. Persimmon Plc has a 12-month low of GBX 1,012 and a 12-month high of GBX 1,552. The firm has a market cap of £3.57 billion, a P/E ratio of 12.61, a PEG ratio of 0.83 and a beta of 1.39.

Persimmon (LON:PSN) last issued its quarterly earnings results on Tuesday, March 10th. The company reported GBX 100.70 earnings per share (EPS) for the quarter. Persimmon had a net margin of 7.62% and a return on equity of 8.05%. Sell-side analysts anticipate that Persimmon Plc will post 98.2810615 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PSN. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,750 price target on shares of Persimmon in a research note on Wednesday, March 11th. Bank of America decreased their price target on shares of Persimmon from GBX 1,600 to GBX 1,300 and set a “buy” rating for the company in a research note on Monday, March 30th. Panmure Gordon restated a “buy” rating and set a GBX 1,694 price target on shares of Persimmon in a research note on Friday, May 1st. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,591 price objective on shares of Persimmon in a report on Thursday, April 30th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 1,300 price objective on shares of Persimmon in a report on Wednesday, March 11th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,524.50.

About Persimmon

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; housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services under the FibreNest brand; and timber frame, insulated wall panels, and roof cassettes under the brand Space4. Further, it offers concrete bricks and roof tile. Persimmon Plc was founded in 1972 and is headquartered in York, the United Kingdom.