Persimmon (LON:PSN) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Persimmon Plc (LON:PSN - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,231.99 ($16.73) and traded as high as GBX 1,308.50 ($17.77). Persimmon shares last traded at GBX 1,289.50 ($17.51), with a volume of 1,079,064 shares.

Wall Street Analysts Forecast Growth

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

Persimmon Trading Down 1.0%

The firm has a market capitalization of £4.10 billion, a PE ratio of 15.98, a P/E/G ratio of 0.83 and a beta of 1.37. The company has a quick ratio of 1.04, a current ratio of 4.09 and a debt-to-equity ratio of 4.91. The business's fifty day moving average price is GBX 1,266.21 and its 200 day moving average price is GBX 1,231.99.

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

Persimmon Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, July 11th. Investors of record on Thursday, June 19th will be given a GBX 40 ($0.54) dividend. The ex-dividend date of this dividend is Thursday, June 19th. This is a boost from Persimmon's previous dividend of $20.00. This represents a dividend yield of 3.34%. Persimmon's dividend payout ratio (DPR) is currently 75.12%.

Persimmon Company Profile

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.