Persimmon (LON:PSN) Sets New 52-Week Low – Time to Sell?

Persimmon Plc (LON:PSN)’s share price hit a new 52-week low on Thursday . The company traded as low as GBX 1,197.50 ($15.05) and last traded at GBX 1,203.25 ($15.12), with a volume of 2252321 shares. The stock had previously closed at GBX 1,222 ($15.36).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered their price objective on Persimmon from GBX 1,640 ($20.61) to GBX 1,520 ($19.10) and set an “overweight” rating for the company in a research report on Thursday, December 5th.

Persimmon Stock Up 0.4 %

The stock has a market cap of £3.87 billion, a price-to-earnings ratio of 1,514.38, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.09 and a quick ratio of 1.04. The firm’s 50-day moving average is GBX 1,390.57 and its 200 day moving average is GBX 1,489.51.

Insider Transactions at Persimmon

In other Persimmon news, insider Andrew Duxbury sold 5,955 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of GBX 1,663 ($20.90), for a total transaction of £99,031.65 ($124,458.53). Company insiders own 3.01% of the company’s stock.

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.