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

Persimmon Plc (LON:PSN)’s share price hit a new 52-week low during trading on Monday . The company 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 Ratings Changes

Separately, JPMorgan Chase & Co. decreased their price objective on Persimmon from GBX 1,640 ($20.02) to GBX 1,520 ($18.56) and set an “overweight” rating on the stock in a research report on Thursday, December 5th.

Persimmon Price Performance

The firm has a fifty day simple moving average of GBX 1,251.49 and a 200 day simple moving average of GBX 1,459.05. The company has a market capitalization of £3.37 billion, a PE ratio of 1,319.38, a P/E/G ratio of 0.83 and a beta of 1.37. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.04 and a current ratio of 4.09.

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.