Persimmon (LON:PSN) Reaches New 52-Week High – Time to Buy?

Persimmon Plc (LON:PSN)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as GBX 1,721.80 ($22.48) and last traded at GBX 1,720 ($22.46), with a volume of 1477423 shares traded. The stock had previously closed at GBX 1,662 ($21.70).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. restated an “overweight” rating on shares of Persimmon in a research report on Friday, July 5th.

Persimmon Stock Down 1.7 %

The company has a quick ratio of 1.04, a current ratio of 4.09 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of £5.31 billion, a PE ratio of 2,074.38, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The business has a 50-day moving average price of GBX 1,638.54 and a 200-day moving average price of GBX 1,490.61.

Persimmon Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, November 8th. Shareholders of record on Thursday, October 17th will be issued a GBX 20 ($0.26) dividend. This represents a yield of 1.3%. The ex-dividend date is Thursday, October 17th. Persimmon’s payout ratio is currently 7,500.00%.

Insider Transactions at Persimmon

In other news, insider Andrew Duxbury sold 5,955 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of GBX 1,663 ($21.72), for a total transaction of £99,031.65 ($129,317.90). Insiders own 3.01% of the company’s stock.

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.