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

Shares of Persimmon Plc (OTCMKTS:PSMMY) have earned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the company.

Several equities analysts have recently commented on PSMMY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Persimmon in a research report on Tuesday, April 14th. Zacks Research downgraded Persimmon from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 18th.

Persimmon Price Performance

Persimmon stock opened at $26.74 on Thursday. The company’s 50-day moving average price is $28.54 and its two-hundred day moving average price is $32.94. Persimmon has a twelve month low of $26.71 and a twelve 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.