Persimmon (LON:PSN) Shares Cross Above 200 Day Moving Average of $1,383.75

Persimmon Plc (LON:PSN)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,383.75 ($17.50) and traded as high as GBX 1,444.50 ($18.27). Persimmon shares last traded at GBX 1,432 ($18.11), with a volume of 880,619 shares trading hands.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. restated an “overweight” rating on shares of Persimmon in a report on Friday, May 3rd.

Persimmon Stock Up 2.3 %

The firm has a market capitalization of £4.69 billion, a price-to-earnings ratio of 1,812.66, a P/E/G ratio of -1.74 and a beta of 1.34. 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 fifty day moving average of GBX 1,412.36 and a two-hundred day moving average of GBX 1,383.75.

Insider Buying and Selling at Persimmon

In related news, insider Andrew Duxbury acquired 3,462 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were bought at an average cost of GBX 1,430 ($18.09) per share, with a total value of £49,506.60 ($62,619.02). Corporate insiders own 3.06% of the company’s stock.

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.