Persimmon (LON:PSN) Reaches New 12-Month Low - Time to Sell?

Persimmon Plc (LON:PSN - Get Free Report) shares reached a new 52-week low on Monday . The stock traded as low as GBX 1,054.50 ($12.87) and last traded at GBX 1,055.50 ($12.89), with a volume of 7966989 shares trading hands. The stock had previously closed at GBX 1,077 ($13.15).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. dropped their price target on shares of Persimmon from GBX 1,640 ($20.02) to GBX 1,520 ($18.56) and set an "overweight" rating for the company in a research note on Thursday, December 5th.

Persimmon Price Performance

The firm's fifty day moving average price is GBX 1,251.49 and its 200 day moving average price is GBX 1,459.05. The firm has a market capitalization of £3.38 billion, a PE ratio of 1,320.00, a P/E/G ratio of 0.83 and a beta of 1.37. The company has a current ratio of 4.09, a quick ratio of 1.04 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.