Persimmon (LON:PSN) Reaches New 1-Year Low – Should You Sell?

Persimmon Plc (LON:PSN) shares hit a new 52-week low on Thursday . The stock traded as low as GBX 1,197.50 ($15.05) and last traded at GBX 1,203.25 ($15.12), with a volume of 2252321 shares. The stock had previously closed at GBX 1,222 ($15.36).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their target price on shares of Persimmon from GBX 1,640 ($20.61) to GBX 1,520 ($19.10) and set an “overweight” rating for the company in a report on Thursday, December 5th.

Persimmon Stock Performance

The firm has a fifty day moving average of GBX 1,390.57 and a 200-day moving average of GBX 1,489.51. 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 stock has a market capitalization of £3.87 billion, a price-to-earnings ratio of 1,514.38, a PEG ratio of 0.83 and a beta of 1.37.

Insider Transactions at Persimmon

In related news, insider Andrew Duxbury sold 5,955 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of GBX 1,663 ($20.90), for a total value of £99,031.65 ($124,458.53). Corporate insiders own 3.01% 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.