Persimmon (LON:PSN) Hits New 1-Year Low – Here’s Why

Shares of Persimmon Plc (LON:PSN) hit a new 52-week low on Tuesday . The stock traded as low as GBX 1,170.50 ($14.69) and last traded at GBX 1,177.50 ($14.77), with a volume of 486150 shares trading hands. The stock had previously closed at GBX 1,186 ($14.88).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut their target price on shares of Persimmon from GBX 1,640 ($20.58) to GBX 1,520 ($19.07) and set an “overweight” rating on the stock in a report on Thursday, December 5th.

Persimmon Trading Up 0.5 %

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 company has a market capitalization of £3.78 billion, a PE ratio of 1,479.27, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The stock’s fifty day moving average price is GBX 1,337.44 and its two-hundred day moving average price is GBX 1,478.43.

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.