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

Persimmon Plc (LON:PSN - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 1,197.50 ($15.06) and last traded at GBX 1,203.25 ($15.13), with a volume of 2252321 shares trading hands. The stock had previously closed at GBX 1,222 ($15.36).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their target price on Persimmon from GBX 1,640 ($20.62) to GBX 1,520 ($19.11) and set an "overweight" rating for the company in a research note on Thursday, December 5th.

Persimmon Trading Down 1.2 %

The company's fifty day moving average is GBX 1,407.98 and its two-hundred day moving average is GBX 1,493.46. 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 market cap of £3.86 billion, a price-to-earnings ratio of 1,508.75, a PEG ratio of 0.83 and a beta of 1.37.

Insider Activity

In related news, insider Andrew Duxbury sold 5,955 shares of the business's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of GBX 1,663 ($20.91), for a total transaction of £99,031.65 ($124,505.47). Company insiders own 3.01% of the company's stock.

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.