Persimmon (LON:PSN) Shares Cross Above Two Hundred Day Moving Average of $1,451.63

Persimmon Plc (LON:PSN) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,451.63 ($19.38) and traded as high as GBX 1,675 ($22.36). Persimmon shares last traded at GBX 1,669.50 ($22.28), with a volume of 606,678 shares.

Wall Street Analyst Weigh In

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

Persimmon Stock Performance

The company has a market capitalization of £5.34 billion, a price-to-earnings ratio of 2,086.88, a P/E/G ratio of 0.82 and a beta of 1.37. The stock’s 50 day moving average price is GBX 1,600.93 and its 200 day moving average price is GBX 1,451.63. The company has a current ratio of 4.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.38.

Persimmon Cuts Dividend

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

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.