Persimmon Plc (LON:PSN – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,286.80 ($16.02) and traded as high as GBX 1,288 ($16.03). Persimmon shares last traded at GBX 1,286 ($16.01), with a volume of 930,121 shares traded.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. upgraded Persimmon to an “overweight” rating and boosted their target price for the stock from GBX 1,190 ($14.81) to GBX 1,510 ($18.80) in a research report on Friday, April 12th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of GBX 1,320.40 ($16.44).
Check Out Our Latest Stock Report on PSN
Persimmon Price Performance
Persimmon Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, July 12th. Stockholders of record on Thursday, June 20th will be issued a dividend of GBX 40 ($0.50) per share. This represents a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, June 20th. This is a boost from Persimmon’s previous dividend of $20.00. Persimmon’s payout ratio is 7,500.00%.
Insider Activity
In other news, insider Dean K. Finch bought 7,621 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were purchased at an average price of GBX 1,315 ($16.37) per share, for a total transaction of £100,216.15 ($124,755.57). 3.46% of the stock is currently owned by company insiders.
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.
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