Persimmon (LON:PSN - Free Report) had its target price trimmed by JPMorgan Chase & Co. from GBX 1,640 ($20.84) to GBX 1,520 ($19.31) in a research note released on Thursday, Marketbeat Ratings reports. The brokerage currently has an overweight rating on the stock.
Persimmon Stock Up 0.2 %
PSN stock traded up GBX 2 ($0.03) during midday trading on Thursday, reaching GBX 1,276.50 ($16.22). 1,935,644 shares of the company were exchanged, compared to its average volume of 1,374,958. The company has a market cap of £4.08 billion, a price-to-earnings ratio of 1,583.75, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.04 and a current ratio of 4.09. Persimmon has a 1-year low of GBX 1,204.50 ($15.30) and a 1-year high of GBX 1,721.80 ($21.88). The stock's 50-day simple moving average is GBX 1,476.28 and its 200 day simple moving average is GBX 1,504.64.
Insiders Place Their Bets
In related news, insider Andrew Duxbury sold 5,955 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of GBX 1,663 ($21.13), for a total transaction of £99,031.65 ($125,834.37). Corporate insiders own 3.01% of the company's stock.
Persimmon Company Profile
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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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