Persimmon (LON:PSN) Sets New 12-Month High at $1,502.14

Shares of Persimmon Plc (LON:PSNGet Free Report) hit a new 52-week high on Wednesday . The company traded as high as GBX 1,502.14 ($19.25) and last traded at GBX 1,493.50 ($19.14), with a volume of 852312 shares trading hands. The stock had previously closed at GBX 1,484.50 ($19.02).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Persimmon in a research report on Friday, May 3rd.

View Our Latest Stock Report on Persimmon

Persimmon Stock Performance

The business has a 50-day moving average of GBX 1,368.07 and a two-hundred day moving average of GBX 1,367.42. The company has a market cap of £4.75 billion, a P/E ratio of 1,887.34, a P/E/G ratio of -1.74 and a beta of 1.34. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.54 and a quick ratio of 1.04.

Persimmon Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, July 12th. Stockholders of record on Thursday, June 20th will be paid a dividend of GBX 40 ($0.51) per share. This is a positive change from Persimmon’s previous dividend of $20.00. The ex-dividend date is Thursday, June 20th. This represents a dividend yield of 2.91%. Persimmon’s payout ratio is presently 7,594.94%.

Insider Transactions at Persimmon

In other Persimmon news, insider Dean K. Finch purchased 7,621 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were acquired at an average price of GBX 1,315 ($16.85) per share, for a total transaction of £100,216.15 ($128,399.94). Insiders own 3.06% of the company’s stock.

About Persimmon

(Get Free Report)

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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