Persimmon (LON:PSN) Reaches New 52-Week Low – Here’s What Happened

Shares of Persimmon Plc (LON:PSN) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 1,182 ($14.81) and last traded at GBX 1,182 ($14.81), with a volume of 523108 shares traded. The stock had previously closed at GBX 1,211 ($15.18).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their target price on Persimmon from GBX 1,640 ($20.55) to GBX 1,520 ($19.05) and set an “overweight” rating on the stock in a research report on Thursday, December 5th.

Persimmon Stock Up 0.3 %

The business has a 50-day moving average price of GBX 1,357.81 and a 200 day moving average price of GBX 1,482.60. The company has a current ratio of 4.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of £3.79 billion, a P/E ratio of 1,482.50, a P/E/G ratio of 0.83 and a beta of 1.37.

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.