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

Shares of Persimmon Plc (OTCMKTS:PSMMY) have earned a consensus recommendation of “Buy” from the five ratings firms that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company.

PSMMY has been the subject of a number of research reports. Morgan Stanley restated an “overweight” rating on shares of Persimmon in a research report on Tuesday, April 14th. Citigroup restated a “buy” rating on shares of Persimmon in a research report on Wednesday, January 14th.

Persimmon Stock Performance

Shares of PSMMY opened at $30.17 on Friday. The company has a 50-day moving average of $33.36 and a two-hundred day moving average of $34.66. Persimmon has a 12-month low of $27.82 and a 12-month high of $41.84.

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.