Persimmon (LON:PSN) Insider Andrew Duxbury Sells 7,132 Shares

Key Points

• Insider Andrew Duxbury sold 7,132 shares of Persimmon Plc for a total of £80,805.56 on September 29th at an average price of GBX 1,133.
• Persimmon's stock price rose by 1.3% to GBX 1,159, with a trading volume of 1,232,906 shares compared to its average volume of 4,715,485 shares.
• Equities research analysts have a consensus rating of "Moderate Buy" for Persimmon, with a consensus price target of GBX 1,431.25.

Persimmon Plc (LON:PSN - Get Free Report) insider Andrew Duxbury sold 7,132 shares of the firm's stock in a transaction dated Monday, September 29th. The stock was sold at an average price of GBX 1,133, for a total value of £80,805.56.

Persimmon Stock Up 1.3%

PSN stock traded up GBX 14.50 during midday trading on Tuesday, hitting GBX 1,159. 1,232,906 shares of the company's stock were exchanged, compared to its average volume of 4,715,485. The company has a current ratio of 4.09, a quick ratio of 1.04 and a debt-to-equity ratio of 4.91. Persimmon Plc has a 12-month low of GBX 1,030.50 and a 12-month high of GBX 1,721.80. The firm has a 50 day moving average price of GBX 1,118.42 and a 200-day moving average price of GBX 1,213.41. The stock has a market capitalization of £3.71 billion, a price-to-earnings ratio of 1,461.54, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37.

Persimmon (LON:PSN - Get Free Report) last issued its earnings results on Wednesday, August 13th. The company reported GBX 36.80 EPS for the quarter. Persimmon had a return on equity of 7.51% and a net margin of 8.84%. On average, analysts anticipate that Persimmon Plc will post 98.2810615 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Citigroup cut their target price on Persimmon from GBX 1,573 to GBX 1,530 and set a "buy" rating on the stock in a research report on Thursday, August 14th. Berenberg Bank reaffirmed a "hold" rating and set a GBX 1,300 target price on shares of Persimmon in a research report on Tuesday, September 9th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a GBX 1,375 target price on shares of Persimmon in a research report on Wednesday, August 13th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Persimmon has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,431.25.

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.

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