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

Persimmon Plc (LON:PSN - Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 1,136.50 ($14.18) and last traded at GBX 1,136.50 ($14.18), with a volume of 3287315 shares. The stock had previously closed at GBX 1,161.50 ($14.49).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered their target price on shares of Persimmon from GBX 1,640 ($20.46) to GBX 1,520 ($18.96) and set an "overweight" rating for the company in a report on Thursday, December 5th.

Persimmon Stock Down 4.0 %

The stock has a 50-day moving average of GBX 1,291.48 and a 200 day moving average of GBX 1,468.32. The company has a market capitalization of £3.56 billion, a PE ratio of 1,393.75, a P/E/G 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.

About Persimmon

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.