Persimmon (LON:PSN) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Posted by MarketBeat News on Oct 25th, 2024

Persimmon Plc (LON:PSN – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,501.91 ($19.50) and traded as high as GBX 1,606.32 ($20.86). Persimmon shares last traded at GBX 1,581.50 ($20.53), with a volume of 563,052 shares trading hands.

Analysts Set New Price Targets

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

View Our Latest Analysis on Persimmon

Persimmon Stock Performance

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The company has a current ratio of 4.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.38. The stock’s 50 day moving average is GBX 1,644.49 and its 200 day moving average is GBX 1,501.91. The stock has a market capitalization of £5.06 billion, a price-to-earnings ratio of 1,976.88, a PEG ratio of 0.83 and a beta of 1.37.

Persimmon Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 8th. Stockholders of record on Thursday, October 17th will be paid a dividend of GBX 20 ($0.26) per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a dividend yield of 1.3%. Persimmon’s dividend payout ratio (DPR) is 7,500.00%.

Insider Buying and Selling

In other Persimmon news, insider Andrew Duxbury sold 5,955 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of GBX 1,663 ($21.59), for a total transaction of £99,031.65 ($128,579.14). Insiders own 3.01% of the company’s stock.

Persimmon Company Profile

(Get Free Report)

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.