Persimmon (LON:PSN) Sets New 1-Year Low – Here’s What Happened

Persimmon Plc (LON:PSN) hit a new 52-week low on Tuesday . The company traded as low as GBX 1,170.50 ($14.65) and last traded at GBX 1,177.50 ($14.73), with a volume of 486150 shares. The stock had previously closed at GBX 1,186 ($14.84).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their target price on Persimmon from GBX 1,640 ($20.52) to GBX 1,520 ($19.02) and set an “overweight” rating for the company in a report on Thursday, December 5th.

Persimmon Stock Down 0.8 %

The company has a market capitalization of £3.80 billion, a PE ratio of 1,485.00, a P/E/G ratio of 0.83 and a beta of 1.37. The stock’s fifty day moving average is GBX 1,318.40 and its two-hundred day moving average is GBX 1,474.65. The company has a current ratio of 4.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.38.

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.