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Persimmon (LON:PSN) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Persimmon logo with Consumer Cyclical background

Shares of Persimmon Plc (LON:PSN - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,240.62 ($17.03) and traded as high as GBX 1,369 ($18.79). Persimmon shares last traded at GBX 1,368.39 ($18.78), with a volume of 1,184,394 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a "hold" rating on shares of Persimmon in a report on Wednesday, March 12th.

Check Out Our Latest Report on Persimmon

Persimmon Stock Up 1.9%

The stock's 50-day moving average is GBX 1,330.08 and its 200-day moving average is GBX 1,242.08. The stock has a market cap of £4.33 billion, a P/E ratio of 16.87, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The company has a current ratio of 4.09, a quick ratio of 1.04 and a debt-to-equity ratio of 4.91.

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.

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