Zacks Investment Research Downgrades Persimmon (OTCMKTS:PSMMY) to Sell

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Persimmon (OTCMKTS:PSMMY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday, reports.

According to Zacks, “Persimmon plc designs, develops and builds residential housing. It operates primarily under brand name Persimmon Homes which offers studio apartments and family homes. The Charles Church brand provides premium homes. The Space4 brand engaged in timber frame manufacturing and Westbury Partnership deals. Persimmon plc is headquartered in Fulford, the United Kingdom. “

Several other brokerages also recently issued reports on PSMMY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Persimmon in a research report on Monday, December 7th. Simmons reaffirmed a “buy” rating on shares of Persimmon in a report on Friday, October 30th. Finally, ValuEngine downgraded shares of Persimmon from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 23rd.

Shares of Persimmon stock opened at $72.80 on Tuesday. Persimmon has a 1 year low of $33.72 and a 1 year high of $86.90. The company has a market capitalization of $11.61 billion, a P/E ratio of 10.60 and a beta of 1.49. The company’s fifty day moving average is $75.29 and its two-hundred day moving average is $68.56.

About Persimmon

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers apartments and family homes under the Persimmon Homes brand name; executive housing under the Charles Church brand; and social housing under the Westbury Partnerships brand name. It also provides broadband services.

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