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

Persimmon logo with Consumer Cyclical background

Persimmon Plc (LON:PSN - Get Free Report)'s share price passed 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 ($19.06). Persimmon shares last traded at GBX 1,405 ($19.06), with a volume of 1,015,552 shares traded.

Analyst Upgrades and Downgrades

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

View Our Latest Stock Analysis on Persimmon

Persimmon Price Performance

The company has a debt-to-equity ratio of 4.91, a current ratio of 4.09 and a quick ratio of 1.04. The stock's fifty day simple moving average is GBX 1,285.14 and its 200-day simple moving average is GBX 1,235.99. The company has a market capitalization of £4.46 billion, a P/E ratio of 17.37, a PEG ratio of 0.83 and a beta of 1.37.

Persimmon (LON:PSN - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The company reported GBX 92.10 ($1.25) earnings per share for the quarter. Persimmon had a return on equity of 7.51% and a net margin of 8.84%. On average, equities analysts forecast that Persimmon Plc will post 98.2810615 earnings per share for the current fiscal year.

About Persimmon

(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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