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

Persimmon Plc (LON:PSN)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 1,054.50 ($12.87) and last traded at GBX 1,055.50 ($12.89), with a volume of 7966989 shares trading hands. The stock had previously closed at GBX 1,077 ($13.15).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their target price on Persimmon from GBX 1,640 ($20.02) to GBX 1,520 ($18.56) and set an “overweight” rating on the stock in a report on Thursday, December 5th.

Persimmon Stock Performance

The firm has a market cap of £3.70 billion, a price-to-earnings ratio of 1,445.00, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. 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 fifty day moving average price of GBX 1,236.36 and a 200-day moving average price of GBX 1,455.12.

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.