Persimmon (OTCMKTS:PSMMY) Hits New 52-Week High – Time to Buy?

Persimmon Plc (OTCMKTS:PSMMY) shares reached a new 52-week high on Wednesday . The stock traded as high as $40.49 and last traded at $40.42, with a volume of 1677 shares traded. The stock had previously closed at $38.87.

Analysts Set New Price Targets

Several analysts recently commented on PSMMY shares. Royal Bank Of Canada raised Persimmon from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. Citigroup restated a “buy” rating on shares of Persimmon in a report on Wednesday, January 14th. Finally, The Goldman Sachs Group started coverage on shares of Persimmon in a research report on Monday, November 24th. They set a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Persimmon Trading Up 1.6%

The firm has a fifty day moving average of $36.68 and a 200-day moving average of $33.16.

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.