Persimmon (LON:PSN) Stock Passes Above Two Hundred Day Moving Average of $1,343.77

Persimmon Plc (LON:PSN)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,343.77 ($17.08) and traded as high as GBX 1,491 ($18.95). Persimmon shares last traded at GBX 1,460 ($18.56), with a volume of 545,650 shares trading hands.

Analysts Set New Price Targets

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

Persimmon Price Performance

The company has a quick ratio of 1.04, a current ratio of 4.54 and a debt-to-equity ratio of 0.38. The stock’s 50 day moving average price is GBX 1,331.98 and its two-hundred day moving average price is GBX 1,346.78. The firm has a market capitalization of £4.59 billion, a price-to-earnings ratio of 1,815.82, a P/E/G ratio of -1.74 and a beta of 1.34.

Persimmon Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, July 12th. Stockholders of record on Thursday, June 20th will be paid a dividend of GBX 40 ($0.51) per share. The ex-dividend date is Thursday, June 20th. This is an increase from Persimmon’s previous dividend of $20.00. This represents a dividend yield of 2.91%. Persimmon’s dividend payout ratio (DPR) is 7,594.94%.

Insider Activity

In other news, insider Dean K. Finch acquired 7,621 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were purchased at an average price of GBX 1,315 ($16.71) per share, for a total transaction of £100,216.15 ($127,371.82). 3.33% of the stock is owned by corporate 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.