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

Persimmon Plc (LON:PSN - Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 1,170.50 ($14.65) and last traded at GBX 1,177.50 ($14.74), with a volume of 486150 shares trading hands. The stock had previously closed at GBX 1,186 ($14.84).

Wall Street Analysts Forecast Growth

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

Persimmon Stock Performance

The company has a market cap of £3.83 billion, a P/E ratio of 1,497.50, a P/E/G ratio of 0.83 and a beta of 1.37. The business has a fifty day moving average of GBX 1,327.63 and a 200 day moving average of GBX 1,476.37. The company has a quick ratio of 1.04, a current ratio of 4.09 and a debt-to-equity ratio of 0.38.

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.