Persimmon (LON:PSN) Shares Cross Above 200 Day Moving Average – What’s Next?

Persimmon Plc (LON:PSN)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,209.08 and traded as high as GBX 1,328. Persimmon shares last traded at GBX 1,322.50, with a volume of 508,771 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,330 price target on shares of Persimmon in a report on Thursday, November 13th. JPMorgan Chase & Co. increased their price objective on shares of Persimmon from GBX 1,520 to GBX 1,800 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Berenberg Bank restated a “hold” rating and issued a GBX 1,300 target price on shares of Persimmon in a report on Tuesday, September 9th. Jefferies Financial Group decreased their target price on shares of Persimmon from GBX 1,801 to GBX 1,790 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Finally, The Goldman Sachs Group assumed coverage on Persimmon in a report on Monday, November 24th. They set a “buy” rating and a GBX 1,446 price target on the stock. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 1,510.14.

Persimmon Trading Up 0.7%

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 firm has a market capitalization of £4.26 billion, a PE ratio of 16.79, a PEG ratio of 0.83 and a beta of 1.37. The stock’s fifty day simple moving average is GBX 1,265.35 and its 200 day simple moving average is GBX 1,209.08.

Insider Transactions at Persimmon

In other Persimmon news, insider Andrew Duxbury sold 7,132 shares of the company’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of GBX 1,133, for a total value of £80,805.56. Corporate insiders own 2.63% of the company’s stock.

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. Further, it offers concrete bricks and roof tile. Persimmon Plc was founded in 1972 and is headquartered in York, the United Kingdom.