Persimmon (OTCMKTS:PSMMY) Shares Down 1% – Should You Sell?

Persimmon Plc (OTCMKTS:PSMMY)’s share price fell 1% on Friday . The company traded as low as $34.9425 and last traded at $35.13. 3,601 shares changed hands during trading, a decline of 69% from the average session volume of 11,656 shares. The stock had previously closed at $35.48.

Wall Street Analyst Weigh In

PSMMY has been the subject of several research analyst reports. The Goldman Sachs Group started coverage on shares of Persimmon in a research report on Monday, November 24th. They set a “buy” rating for the company. Royal Bank Of Canada raised Persimmon from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. Finally, Citigroup reissued a “buy” rating on shares of Persimmon in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Persimmon Stock Down 1.0%

The business’s fifty day moving average is $33.18 and its 200-day moving average is $32.68.

Persimmon Company Profile

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services under the FibreNest brand; and timber frame, insulated wall panels, and roof cassettes under the brand Space4.