Persimmon Plc (OTCMKTS:PSMMY) Receives Average Recommendation of “Buy” from Analysts

Persimmon Plc (OTCMKTS:PSMMY) has received an average rating of “Buy” from the five ratings firms that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company.

PSMMY has been the topic of several research reports. Citigroup reissued a “buy” rating on shares of Persimmon in a research note on Wednesday, January 14th. Royal Bank Of Canada raised shares of Persimmon from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 2nd.

Persimmon Stock Down 1.5%

Shares of PSMMY opened at $28.00 on Tuesday. The stock has a 50 day simple moving average of $36.71 and a two-hundred day simple moving average of $34.73. Persimmon has a 1 year low of $27.82 and a 1 year high of $41.84.

Persimmon Company Profile

Persimmon plc (OTCMKTS:PSMMY) is a leading United Kingdom–based residential property developer primarily engaged in the design, construction and sale of new homes. The company’s product range spans starter homes for first-time buyers, family houses and executive properties, addressing a broad spectrum of customer needs. Persimmon also offers warranty and after-sales services through its in-house customer care teams, ensuring ongoing support for homeowners.

Founded in 1972 and headquartered in York, North Yorkshire, Persimmon has grown from a regional builder into one of the UK’s most prolific housebuilders.