Persimmon (LON:PSN) Hits New 1-Year Low – Here’s What Happened

Persimmon Plc (LON:PSN)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as GBX 1,020.50 and last traded at GBX 1,025.50, with a volume of 13429277 shares trading hands. The stock had previously closed at GBX 1,048.22.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Panmure Gordon restated a “buy” rating and issued a GBX 1,694 price objective on shares of Persimmon in a research note on Friday, May 1st. Bank of America decreased their price objective on shares of Persimmon from GBX 1,600 to GBX 1,300 and set a “buy” rating for the company in a research note on Monday, March 30th. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,591 price objective on shares of Persimmon in a research note on Thursday, April 30th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,750 price objective on shares of Persimmon in a research note on Wednesday, March 11th. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 1,300 price objective on shares of Persimmon in a research note on Wednesday, March 11th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,524.50.

Persimmon Stock Down 0.4%

The company has a debt-to-equity ratio of 0.46, a current ratio of 3.99 and a quick ratio of 1.04. The company has a market cap of £3.27 billion, a price-to-earnings ratio of 11.55, a P/E/G ratio of 0.83 and a beta of 1.39. The firm’s 50 day simple moving average is GBX 1,123.84 and its 200-day simple moving average is GBX 1,279.17.

Persimmon (LON:PSN) last announced its earnings results on Tuesday, March 10th. The company reported GBX 100.70 earnings per share for the quarter. Persimmon had a net margin of 7.62% and a return on equity of 8.05%. As a group, sell-side analysts anticipate that Persimmon Plc will post 98.2810615 earnings per share for the current year.

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. Further, it offers concrete bricks and roof tile. Persimmon Plc was founded in 1972 and is headquartered in York, the United Kingdom.