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

Persimmon Plc (OTCMKTS:PSMMY)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $41.21 and last traded at $40.9650, with a volume of 7437 shares traded. The stock had previously closed at $39.23.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PSMMY. 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. The Goldman Sachs Group assumed coverage on shares of Persimmon in a report on Monday, November 24th. They set a “buy” rating for the company. Finally, Citigroup reissued a “buy” rating on shares of Persimmon in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy”.

Persimmon Trading Up 5.5%

The business’s 50-day moving average is $37.06 and its two-hundred day moving average is $33.38.

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.