Key Points
- Insider sale: Persimmon insider Dean Finch sold 60,000 shares on Tuesday, May 26, at an average price of GBX 1,119, totaling about £671,400.
- Share performance: Persimmon stock opened at GBX 1,113.50, near its 50-day moving average, but well below its 200-day moving average and within its 52-week range of GBX 1,012 to GBX 1,552.
- Analyst outlook: Analysts remain cautiously positive, with eight Buy ratings and two Hold ratings; the consensus target price is GBX 1,524.50, even after Bank of America cut its target to GBX 1,300.
Persimmon Plc (LON:PSN - Get Free Report) 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 Stock Performance
Shares of LON:PSN opened at GBX 1,113.50 on Friday. The firm has a market cap of £3.57 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 0.83 and a beta of 1.39. The firm's 50 day simple moving average is GBX 1,103.89 and its 200-day simple moving average is GBX 1,272.40. Persimmon Plc has a one year low of GBX 1,012 and a one year high of GBX 1,552. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 3.99.
Persimmon (LON:PSN - Get Free Report) last issued its earnings results on Tuesday, March 10th. The company reported GBX 100.70 EPS for the quarter. Persimmon had a net margin of 7.62% and a return on equity of 8.05%. As a group, equities analysts predict that Persimmon Plc will post 98.2810615 EPS for the current year.
Analysts Set New Price Targets
A number of equities analysts have recently commented on PSN shares. Bank of America reduced their target price on shares of Persimmon from GBX 1,600 to GBX 1,300 and set a "buy" rating on the stock in a research report on Monday, March 30th. Royal Bank Of Canada reissued an "outperform" rating and set a GBX 1,750 price objective on shares of Persimmon in a report on Wednesday, March 11th. Jefferies Financial Group reissued a "buy" rating and set a GBX 1,591 price objective on shares of Persimmon in a report on Thursday, April 30th. Berenberg Bank reissued a "hold" rating and set a GBX 1,300 price objective on shares of Persimmon in a report on Wednesday, March 11th. Finally, Panmure Gordon reissued a "buy" rating and set a GBX 1,694 price objective on shares of Persimmon in a report on Friday, May 1st. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Persimmon presently has an average rating of "Moderate Buy" and an average target price of GBX 1,524.50.
Check Out Our Latest Stock Report on Persimmon
Persimmon Company Profile
(
Get Free Report)
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.
Further Reading
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