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Persimmon (LON:PSN) Share Price Passes Above 200-Day Moving Average - What's Next?

Persimmon logo with Consumer Cyclical background

Persimmon Plc (LON:PSN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,240.62 ($16.89) and traded as high as GBX 1,369 ($18.64). Persimmon shares last traded at GBX 1,368.39 ($18.63), with a volume of 1,184,394 shares changing hands.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Research Report on Persimmon

Persimmon Stock Up 0.3%

The business has a fifty day moving average of GBX 1,321.66 and a 200 day moving average of GBX 1,240.62. The company has a market capitalization of £4.28 billion, a PE ratio of 16.68, a PEG 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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