Persimmon (LON:PSN) Sets New 12-Month Low – Here’s What Happened

Shares of Persimmon Plc (LON:PSN) reached a new 52-week low on Thursday . The stock 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 traded. The stock had previously closed at GBX 1,222 ($15.36).

Analysts Set New Price Targets

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

Persimmon Price Performance

The stock’s 50-day moving average is GBX 1,407.98 and its 200 day moving average is GBX 1,493.46. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.04 and a current ratio of 4.09. The stock has a market capitalization of £3.85 billion, a PE ratio of 1,505.69, a P/E/G ratio of 0.83 and a beta of 1.37.

Insider Buying and Selling at Persimmon

In other Persimmon news, insider Andrew Duxbury sold 5,955 shares of Persimmon 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). 3.01% of the stock is currently owned by insiders.

Persimmon Company Profile

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.