Persimmon (LON:PSN) Reaches New 52-Week Low – Should You Sell?

Persimmon Plc (LON:PSN) shares reached a new 52-week low during trading on Monday . The stock traded as low as GBX 1,011.50 and last traded at GBX 1,013.50, with a volume of 67098977 shares traded. The stock had previously closed at GBX 1,031.50.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on PSN shares. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,591 price objective on shares of Persimmon in a research note on Thursday, April 30th. Berenberg Bank restated a “hold” rating and set a GBX 1,300 target price on shares of Persimmon in a research report on Wednesday, March 11th. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 1,694 target price on shares of Persimmon in a report on Friday, May 1st. JPMorgan Chase & Co. reduced their price target on shares of Persimmon from GBX 1,800 to GBX 1,430 and set an “overweight” rating for the company in a research report on Tuesday, June 16th. Finally, Bank of America decreased their price target 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. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Persimmon presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,487.50.

Persimmon Price Performance

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 50 day moving average price of GBX 1,089.17 and a 200 day moving average price of GBX 1,250.18. The firm has a market cap of £3.25 billion, a PE ratio of 11.49, a PEG ratio of 0.83 and a beta of 1.40.

Insider Transactions at Persimmon

In other Persimmon news, insider Dean K. Finch sold 60,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of GBX 1,119, for a total value of £671,400. Corporate insiders own 2.63% of the company’s stock.

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.