Persimmon Plc (OTCMKTS:PSMMY) Receives Consensus Recommendation of “Buy” from Brokerages

Persimmon Plc (OTCMKTS:PSMMY) has been given a consensus rating of “Buy” by the five ratings firms that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company.

Separately, Morgan Stanley reiterated an “overweight” rating on shares of Persimmon in a research report on Tuesday, April 14th.

Persimmon Trading Down 1.9%

OTCMKTS PSMMY opened at $27.34 on Wednesday. The firm’s 50 day simple moving average is $30.14 and its 200 day simple moving average is $34.32. Persimmon has a 1 year low of $27.34 and a 1 year high of $41.84.

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.