Persimmon (LON:PSN) Reaches New 52-Week Low – Here’s What Happened

Shares of Persimmon Plc (LON:PSN) reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 1,020.50 and last traded at GBX 1,025.50, with a volume of 13429277 shares trading hands. The stock had previously closed at GBX 1,048.22.

Analyst Ratings Changes

PSN has been the topic of a number of recent analyst reports. Berenberg Bank restated a “hold” rating and set a GBX 1,300 price target on shares of Persimmon in a report on Wednesday, March 11th. Bank of America dropped their price objective on shares of Persimmon from GBX 1,600 to GBX 1,300 and set a “buy” rating on the stock in a research note on Monday, March 30th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,750 price objective on shares of Persimmon in a research note on Wednesday, March 11th. 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. Finally, Panmure Gordon reiterated a “buy” rating and issued a GBX 1,694 price objective on shares of Persimmon in a research note on Friday, May 1st. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Persimmon currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,524.50.

Persimmon Price Performance

The company has a quick ratio of 1.04, a current ratio of 3.99 and a debt-to-equity ratio of 0.46. The company has a market capitalization of £3.28 billion, a P/E ratio of 11.58, a P/E/G ratio of 0.83 and a beta of 1.39. The company’s 50-day simple moving average is GBX 1,135.35 and its 200 day simple moving average is GBX 1,281.99.

Persimmon (LON:PSN) last posted its earnings results on Tuesday, March 10th. The company reported GBX 100.70 EPS for the quarter. Persimmon had a net margin of 7.62% and a return on equity of 8.05%. As a group, sell-side analysts expect that Persimmon Plc will post 98.2810615 earnings per share for the current fiscal year.

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.