Persimmon (LON:PSN) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Persimmon Plc (LON:PSN - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,254.43 ($16.67) and traded as high as GBX 1,357.50 ($18.04). Persimmon shares last traded at GBX 1,343 ($17.84), with a volume of 7,022,272 shares.

Analyst Upgrades and Downgrades

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

Persimmon Stock Down 0.3%

The firm has a market cap of £4.32 billion, a price-to-earnings ratio of 16.83, a P/E/G ratio of 0.83 and a beta of 1.37. The firm's fifty day moving average is GBX 1,212.06 and its two-hundred day moving average is GBX 1,246.75. The company has a debt-to-equity ratio of 4.91, a current ratio of 4.09 and a quick ratio of 1.04.

Persimmon (LON:PSN - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The company reported GBX 92.10 ($1.22) earnings per share for the quarter. Persimmon had a net margin of 8.84% and a return on equity of 7.51%. On average, sell-side analysts expect that Persimmon Plc will post 98.2810615 EPS for the current fiscal year.

Persimmon Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, July 11th. Shareholders of record on Thursday, June 19th will be issued a GBX 40 ($0.53) dividend. This represents a yield of 3.34%. This is an increase from Persimmon's previous dividend of $20.00. The ex-dividend date is Thursday, June 19th. Persimmon's dividend payout ratio is presently 75.12%.

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.