Persimmon (OTCMKTS:PSMMY) Sees Strong Trading Volume – Here’s What Happened

Shares of Persimmon Plc (OTCMKTS:PSMMY) saw strong trading volume on Monday . 25,955 shares changed hands during trading, an increase of 444% from the previous session’s volume of 4,773 shares.The stock last traded at $36.50 and had previously closed at $37.25.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on PSMMY shares. Citigroup reissued a “buy” rating on shares of Persimmon in a report on Tuesday, December 9th. The Goldman Sachs Group initiated coverage on shares of Persimmon in a report on Monday, November 24th. They issued a “buy” rating on the stock. Finally, Royal Bank Of Canada raised shares of Persimmon from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Persimmon Stock Performance

The company has a 50 day simple moving average of $34.33 and a 200 day simple moving average of $32.61.

About Persimmon

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.