Persimmon (LON:PSN) Share Price Crosses Above 200 Day Moving Average of $1,302.01

Persimmon Plc (LON:PSN)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,302.01 ($16.35) and traded as high as GBX 1,328.50 ($16.69). Persimmon shares last traded at GBX 1,326 ($16.66), with a volume of 1,587,595 shares.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised Persimmon to an “overweight” rating and upped their price target for the company from GBX 1,190 ($14.95) to GBX 1,510 ($18.97) in a research note on Friday, April 12th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 1,320.40 ($16.59).

Persimmon Price Performance

The company has a debt-to-equity ratio of 0.38, a current ratio of 4.54 and a quick ratio of 1.04. The stock has a market cap of £4.24 billion, a price-to-earnings ratio of 1,657.50, a price-to-earnings-growth ratio of -1.74 and a beta of 1.36. The business’s 50-day simple moving average is GBX 1,322.45 and its two-hundred day simple moving average is GBX 1,302.01.

Persimmon Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, July 12th. Investors of record on Thursday, June 20th will be issued a GBX 40 ($0.50) dividend. This is a positive change from Persimmon’s previous dividend of $20.00. The ex-dividend date of this dividend is Thursday, June 20th. This represents a yield of 2.91%. Persimmon’s payout ratio is presently 7,500.00%.

Insider Transactions at Persimmon

In related news, insider Dean K. Finch acquired 7,621 shares of the stock in a transaction on Tuesday, March 12th. The shares were acquired at an average price of GBX 1,315 ($16.52) per share, with a total value of £100,216.15 ($125,883.87). 3.46% of the stock is owned by insiders.

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.