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Persimmon (LON:PSN) Stock Passes Above 200-Day Moving Average - Here's Why

Persimmon logo with Consumer Cyclical background

Shares of Persimmon Plc (LON:PSN - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,235.99 ($16.77) and traded as high as GBX 1,405 ($19.07). Persimmon shares last traded at GBX 1,405 ($19.07), with a volume of 1,015,552 shares traded.

Wall Street Analysts Forecast Growth

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

Get Our Latest Research Report on Persimmon

Persimmon Stock Performance

The stock has a market capitalization of £4.42 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The stock has a fifty day moving average of GBX 1,294.55 and a 200-day moving average of GBX 1,237.20. The company has a quick ratio of 1.04, a current ratio of 4.09 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.

Further Reading

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