Persimmon (LON:PSN) Stock Crosses Above 200-Day Moving Average of $1,464.45

Persimmon Plc (LON:PSN - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,464.45 ($19.59) and traded as high as GBX 1,672.50 ($22.37). Persimmon shares last traded at GBX 1,645.50 ($22.01), with a volume of 466,817 shares changing hands.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. restated an "overweight" rating on shares of Persimmon in a research note on Friday, July 5th.

Persimmon Stock Down 1.3 %

The firm's 50-day moving average price is GBX 1,620.89 and its two-hundred day moving average price is GBX 1,466.83. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.04 and a current ratio of 4.09. The firm has a market cap of £5.19 billion, a PE ratio of 2,030.00, a P/E/G ratio of 0.84 and a beta of 1.37.

Persimmon Cuts Dividend

The business also recently disclosed 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 of this dividend is Thursday, October 17th. This represents a yield of 1.3%. Persimmon's dividend payout ratio is presently 7,500.00%.

Insider Transactions at Persimmon

In related news, insider Andrew Duxbury sold 5,955 shares of the company's stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of GBX 1,663 ($22.24), for a total value of £99,031.65 ($132,466.09). Insiders own 3.03% of the company's stock.

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.