Persimmon Plc (LON:PSN) Insider Sells £99,031.65 in Stock

Persimmon Plc (LON:PSN) insider Andrew Duxbury sold 5,955 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of GBX 1,663 ($22.27), for a total value of £99,031.65 ($132,607.99).

Persimmon Stock Performance

LON PSN opened at GBX 1,651 ($22.11) on Friday. The company has a 50-day simple moving average of GBX 1,607.59 and a two-hundred day simple moving average of GBX 1,455.70. Persimmon Plc has a 12-month low of GBX 925 ($12.39) and a 12-month high of GBX 1,712.50 ($22.93). The firm has a market cap of £5.28 billion, a price-to-earnings ratio of 2,063.75, a PEG ratio of 0.84 and a beta of 1.37. The company has a quick ratio of 1.04, a current ratio of 4.09 and a debt-to-equity ratio of 0.38.

Persimmon Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 17th will be issued a dividend of GBX 20 ($0.27) per share. This represents a yield of 1.3%. The ex-dividend date of this dividend is Thursday, October 17th. Persimmon’s dividend payout ratio is presently 7,500.00%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. restated an “overweight” rating on shares of Persimmon in a report on Friday, July 5th.

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.