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

Shares of Persimmon Plc (OTCMKTS:PSMMY) gapped up before the market opened on Tuesday . The stock had previously closed at $32.96, but opened at $35.38. Persimmon shares last traded at $35.39, with a volume of 4,569 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Royal Bank Of Canada upgraded shares of Persimmon from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 2nd. Citigroup reiterated a “buy” rating on shares of Persimmon in a research note on Wednesday, January 14th. Finally, The Goldman Sachs Group assumed coverage on Persimmon in a research report on Monday, November 24th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Persimmon Stock Performance

The company’s 50 day moving average price is $38.57 and its 200-day moving average price is $34.57.

About Persimmon

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.