Persimmon (LON:PSN) Reaches New 1-Year Low at $1,372.25

Persimmon Plc (LON:PSNGet Rating) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 1,372.25 ($16.58) and last traded at GBX 1,372.50 ($16.58), with a volume of 288800 shares trading hands. The stock had previously closed at GBX 1,430 ($17.28).

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PSN shares. Liberum Capital reissued a “buy” rating and issued a GBX 2,630 ($31.78) price objective on shares of Persimmon in a report on Wednesday, May 25th. Citigroup reissued a “neutral” rating and issued a GBX 1,930 ($23.32) price objective on shares of Persimmon in a report on Friday, July 8th. Finally, Berenberg Bank downgraded shares of Persimmon to a “hold” rating and dropped their price objective for the stock from GBX 3,440 ($41.57) to GBX 1,700 ($20.54) in a report on Monday, September 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of GBX 2,448.14 ($29.58).

Persimmon Price Performance

The company has a quick ratio of 1.04, a current ratio of 4.66 and a debt-to-equity ratio of 0.27. The firm has a market cap of £4.36 billion and a PE ratio of 638.39. The firm’s fifty day simple moving average is GBX 1,682.84 and its two-hundred day simple moving average is GBX 1,961.94.

Persimmon Company Profile

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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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