Persimmon (OTCMKTS:PSMMY) Shares Gap Down – Here’s What Happened

Persimmon Plc (OTCMKTS:PSMMY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $34.13, but opened at $32.65. Persimmon shares last traded at $32.60, with a volume of 2,493 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PSMMY. Royal Bank Of Canada raised shares of Persimmon from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. The Goldman Sachs Group initiated coverage on shares of Persimmon in a research note on Monday, November 24th. They issued a “buy” rating for the company. Finally, Citigroup reissued a “buy” rating on shares of Persimmon in a report on Wednesday, January 14th. 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, Persimmon has a consensus rating of “Buy”.

Persimmon Trading Down 6.1%

The business’s fifty day simple moving average is $38.48 and its 200 day simple moving average is $34.59.

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.