Insider Selling: Persimmon (LON:PSN) Insider Sells 60,000 Shares of Stock

Persimmon Plc (LON:PSN) insider Dean Finch sold 60,000 shares of the company’s stock in a transaction dated 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%

PSN opened at GBX 1,112.10 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.99 and a quick ratio of 1.04. Persimmon Plc has a fifty-two week low of GBX 1,012 and a fifty-two week high of GBX 1,552. The firm has a market capitalization of £3.57 billion, a PE ratio of 12.61, a P/E/G ratio of 0.83 and a beta of 1.39. The company’s 50-day moving average is GBX 1,105.56 and its 200 day moving average is GBX 1,273.52.

Persimmon (LON:PSN) last posted its earnings results on Tuesday, March 10th. The company reported GBX 100.70 earnings per share for the quarter. Persimmon had a net margin of 7.62% and a return on equity of 8.05%. As a group, research analysts predict that Persimmon Plc will post 98.2810615 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PSN shares. Berenberg Bank restated a “hold” rating and issued a GBX 1,300 target price on shares of Persimmon in a report on Wednesday, March 11th. Panmure Gordon restated a “buy” rating and issued a GBX 1,694 target price on shares of Persimmon in a report on Friday, May 1st. Bank of America decreased their price objective 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. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,591 price objective on shares of Persimmon in a research note on Thursday, April 30th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,750 price objective on shares of Persimmon in a research note on Wednesday, March 11th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Persimmon currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,524.50.

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.