Persimmon Plc (OTCMKTS:PSMMY) Given Average Rating of “Buy” by Brokerages

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

A number of brokerages have issued reports on PSMMY. Citigroup reaffirmed a “buy” rating on shares of Persimmon in a report on Wednesday, January 14th. Royal Bank Of Canada upgraded Persimmon from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 2nd. Finally, The Goldman Sachs Group assumed coverage on Persimmon in a research note on Monday, November 24th. They issued a “buy” rating for the company.

Persimmon Price Performance

OTCMKTS PSMMY opened at $31.64 on Friday. Persimmon has a twelve month low of $27.82 and a twelve month high of $41.84. The business’s fifty day moving average is $38.38 and its 200 day moving average is $34.57.

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.