Persimmon (LON:PSN) Stock: Insider Andrew Duxbury Sells 26,105 Shares

Key Points

• Insider transaction: Persimmon director Andrew Duxbury sold 26,105 shares at GBX 1,320 each, worth approximately £344,586, while also buying 2,143 shares for £28,287.60.
• Stock performance: Shares fell GBX 14.50 to GBX 1,315, with the company valued at about £4.22 billion. The stock has traded between GBX 947.40 and GBX 1,552 over the past year.
• Analyst outlook: Persimmon has a “Moderate Buy” consensus rating, with nine Buy ratings and one Hold; several firms recently adjusted their price targets while maintaining positive recommendations.

Persimmon Plc (LON:PSN - Get Free Report) insider Andrew Duxbury sold 26,105 shares of Persimmon stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of GBX 1,320, for a total value of £344,586.

Andrew Duxbury also recently made the following trade(s):

• On Tuesday, September 29th, Andrew Duxbury bought 2,143 shares of Persimmon stock. The stock was purchased at an average cost of GBX 1,320 per share, with a total value of £28,287.60.

Persimmon Stock Performance

PSN traded down GBX 14.50 during trading on Wednesday, reaching GBX 1,315. 143,957,531 shares of the company's stock were exchanged, compared to its average volume of 12,454,297. The company has a market capitalization of £4.22 billion, a P/E ratio of 13.96, a PEG ratio of 0.83 and a beta of 1.40. The company has a quick ratio of 1.04, a current ratio of 4.21 and a debt-to-equity ratio of 8.08. The business has a 50 day moving average price of GBX 1,151.56 and a 200 day moving average price of GBX 1,112.50. Persimmon Plc has a fifty-two week low of GBX 947.40 and a fifty-two week high of GBX 1,552.

Persimmon (LON:PSN - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported GBX 38 earnings per share (EPS) for the quarter. Persimmon had a net margin of 7.68% and a return on equity of 8.45%. As a group, analysts predict that Persimmon Plc will post 98.2810615 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on PSN. Deutsche Bank Aktiengesellschaft decreased their price objective on Persimmon from GBX 1,419 to GBX 1,403 and set a "buy" rating on the stock in a report on Friday, August 7th. Royal Bank Of Canada restated an "outperform" rating and set a GBX 1,350 target price on shares of Persimmon in a research report on Friday, August 7th. JPMorgan Chase & Co. decreased their price target on Persimmon from GBX 1,800 to GBX 1,430 and set an "overweight" rating on the stock in a research note on Tuesday, June 16th. Citigroup lowered their price target on Persimmon from £161.50 to £128 and set a "buy" rating on the stock in a research report on Tuesday, June 23rd. Finally, Jefferies Financial Group reiterated a "buy" rating and set a GBX 1,590 price objective on shares of Persimmon in a research note on Monday. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of GBX 2,564.30.

Persimmon Company Profile

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.

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