Persimmon’s (PSN) “Overweight” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their overweight rating on shares of Persimmon (LON:PSN) in a research report sent to investors on Friday morning, Marketbeat reports.

Persimmon Price Performance

PSN opened at GBX 1,366.50 ($17.16) on Friday. Persimmon has a 52-week low of GBX 925 ($11.62) and a 52-week high of GBX 1,501 ($18.85). The company has a 50 day moving average of GBX 1,314.22 and a two-hundred day moving average of GBX 1,310.13. The company has a market cap of £4.36 billion, a P/E ratio of 1,708.13, a P/E/G ratio of -1.74 and a beta of 1.36. The company has a quick ratio of 1.04, a current ratio of 4.54 and a debt-to-equity ratio of 0.38.

Persimmon Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, June 20th will be paid 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 currently 7,500.00%.

Insider Activity

In related news, insider Dean K. Finch purchased 7,621 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was purchased at an average price of GBX 1,315 ($16.52) per share, for a total transaction of £100,216.15 ($125,883.87). Insiders own 3.46% 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.