Persimmon (LON:PSN) Sets New 52-Week Low - Here's Why

Persimmon Plc (LON:PSN - Get Free Report)'s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 1,182 ($14.83) and last traded at GBX 1,182 ($14.83), with a volume of 523108 shares trading hands. The stock had previously closed at GBX 1,211 ($15.19).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced their price objective on Persimmon from GBX 1,640 ($20.57) to GBX 1,520 ($19.06) and set an "overweight" rating for the company in a research report on Thursday, December 5th.

Persimmon Stock Down 2.4 %

The company has a market cap of £3.78 billion, a price-to-earnings ratio of 1,477.50, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The stock has a 50-day simple moving average of GBX 1,374.29 and a 200-day simple moving average of GBX 1,486.57. The company has a current ratio of 4.09, a quick ratio of 1.04 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.