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

Persimmon Plc (OTCMKTS:PSMMY) reached a new 52-week high during trading on Tuesday . The company traded as high as $39.26 and last traded at $39.17, with a volume of 10870 shares traded. The stock had previously closed at $38.3550.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PSMMY. Citigroup reiterated a “buy” rating on shares of Persimmon in a research report on Wednesday, January 14th. The Goldman Sachs Group began coverage on shares of Persimmon in a report on Monday, November 24th. They issued a “buy” rating for the company. Finally, Royal Bank Of Canada raised shares of Persimmon from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to data from MarketBeat, Persimmon has a consensus rating of “Buy”.

Persimmon Stock Performance

The stock’s 50 day moving average price is $36.36 and its 200 day moving average price is $33.01.

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.