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

Persimmon Plc (OTCMKTS:PSMMY) has been given an average rating of “Moderate Buy” by the seven ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company.

Several research analysts have recently weighed in on PSMMY shares. Deutsche Bank Aktiengesellschaft raised shares of Persimmon from a “hold” rating to a “buy” rating in a research report on Friday, August 7th. UBS Group initiated coverage on Persimmon in a report on Wednesday, September 9th. They set a “buy” rating on the stock. Finally, Zacks Research upgraded Persimmon from a “strong sell” rating to a “hold” rating in a research report on Friday, August 14th.

Persimmon Stock Up 1.6%

Shares of OTCMKTS PSMMY opened at $31.23 on Tuesday. Persimmon has a 12 month low of $26.71 and a 12 month high of $41.84. The business has a fifty day simple moving average of $30.53 and a 200-day simple moving average of $29.91.

About Persimmon

Persimmon plc is a United Kingdom-based housebuilder that develops and sells new homes for private buyers, first-time purchasers and affordable-housing customers. Its operations include land acquisition, residential planning, construction and home sales, as well as customer support following completion.

The company markets homes primarily through the Persimmon Homes, Charles Church and Westbury Partnerships brands. Its developments range from entry-level and family housing to larger, higher-specification properties, while Westbury Partnerships works with housing associations and other organizations to deliver affordable homes.

Persimmon traces its origins to 1972 and serves communities across England, Scotland and Wales through a network of regional operating businesses.