Persimmon (LON:PSN) Reaches New 52-Week Low – Should You Sell?

Shares of Persimmon Plc (LON:PSN) hit a new 52-week low during 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 traded. The stock had previously closed at GBX 1,161.50 ($14.36).

Wall Street Analysts Forecast Growth

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

Persimmon Stock Performance

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 firm has a market capitalization 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 business has a 50-day moving average price of GBX 1,271.79 and a 200-day moving average price of GBX 1,463.68.

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.