Persimmon Plc (LON:PSN – Get Free Report) shares reached a new 52-week high on Monday. The stock traded as high as GBX 2,984 and last traded at GBX 1,289, with a volume of 1,987,368 shares trading hands. The stock had previously closed at GBX 1,305.
Analysts Set New Price Targets
Several brokerages have recently issued reports on PSN. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,590 price objective on shares of Persimmon in a research note on Wednesday, October 21st. Deutsche Bank cut their target price on shares of Persimmon from GBX 1,419 to GBX 1,403 and set a “buy” rating for the company in a research note on Friday, August 7th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 1,350 price target on shares of Persimmon in a report on Friday, August 7th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Persimmon currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,564.30.
Check Out Our Latest Report on Persimmon
Persimmon Stock Down 2.2%
The company has a debt-to-equity ratio of 8.08, a current ratio of 4.21 and a quick ratio of 1.04. The stock has a market capitalization of £4.02 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 0.83 and a beta of 1.38. The firm has a 50 day moving average of GBX 1,219.37 and a 200-day moving average of GBX 1,189.48.
Insider Buying and Selling at Persimmon
In other news, insider Andrew Duxbury sold 26,105 shares of the business’s 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 transaction of £344,586. Insiders own 2.62% of the company’s stock.
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.
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