Persimmon (LON:PSN) Sets New 52-Week Low at $1,975.00

Persimmon Plc (LON:PSNGet Rating) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 1,975 ($23.97) and last traded at GBX 1,990.50 ($24.16), with a volume of 728919 shares. The stock had previously closed at GBX 2,195 ($26.64).

A number of research firms recently issued reports on PSN. Morgan Stanley reissued an “equal weight” rating on shares of Persimmon in a research report on Wednesday, May 11th. JPMorgan Chase & Co. dropped their target price on shares of Persimmon from GBX 3,580 ($43.45) to GBX 2,830 ($34.35) and set an “overweight” rating for the company in a research report on Friday, March 25th. Liberum Capital reissued a “buy” rating and set a GBX 2,630 ($31.92) target price on shares of Persimmon in a research report on Wednesday, May 25th. Finally, Berenberg Bank upped their price target on Persimmon from GBX 3,410 ($41.39) to GBX 3,440 ($41.75) and gave the stock a “buy” rating in a report on Wednesday, March 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 2,956.50 ($35.88).

The company has a market capitalization of £6.35 billion and a PE ratio of 8.94. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.57 and a current ratio of 4.88. The company has a 50 day moving average price of GBX 2,154.26 and a 200 day moving average price of GBX 2,380.66.

The firm also recently announced a dividend, which will be paid on Friday, July 8th. Stockholders of record on Thursday, June 16th will be paid a dividend of GBX 110 ($1.34) per share. This represents a dividend yield of 5.05%. The ex-dividend date of this dividend is Thursday, June 16th. Persimmon’s dividend payout ratio (DPR) is currently 0.96%.

In other news, insider Dean K. Finch sold 7,102 shares of the stock in a transaction that occurred on Monday, March 21st. The stock was sold at an average price of GBX 2,271 ($27.56), for a total transaction of £161,286.42 ($195,759.70).

Persimmon Company Profile (LON:PSN)

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; executive housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services.

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