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

Persimmon Plc (LON:PSN)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 1,136.50 ($14.22) and last traded at GBX 1,136.50 ($14.22), with a volume of 3287315 shares trading hands. The stock had previously closed at GBX 1,161.50 ($14.53).

Analyst Upgrades and Downgrades

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

Persimmon Trading Down 2.2 %

The company has a debt-to-equity ratio of 0.38, a current ratio of 4.09 and a quick ratio of 1.04. The business’s 50-day moving average is GBX 1,291.48 and its two-hundred day moving average is GBX 1,468.32. The firm has a market cap of £3.63 billion, a P/E ratio of 1,420.00, a P/E/G ratio of 0.83 and a beta of 1.37.

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.