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

Persimmon Plc (LON:PSN) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 1,136.50 ($14.05) and last traded at GBX 1,136.50 ($14.05), with a volume of 3287315 shares. The stock had previously closed at GBX 1,161.50 ($14.36).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered their price objective on shares of Persimmon from GBX 1,640 ($20.27) to GBX 1,520 ($18.79) and set an “overweight” rating for the company in a research note on Thursday, December 5th.

Persimmon Trading Down 1.7 %

The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.04 and a current ratio of 4.09. The company has a market cap of £3.42 billion, a price-to-earnings ratio of 1,335.63, a P/E/G ratio of 0.83 and a beta of 1.37. The company’s fifty day moving average is GBX 1,271.79 and its two-hundred day moving average is GBX 1,463.68.

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.