Persimmon Plc (OTCMKTS:PSMMY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

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

Several brokerages have recently weighed in on PSMMY. Zacks Research upgraded shares of Persimmon from a “strong sell” rating to a “hold” rating in a research note on Friday, August 14th. Deutsche Bank Aktiengesellschaft raised shares of Persimmon from a “hold” rating to a “buy” rating in a report on Friday, August 7th.

Persimmon Price Performance

PSMMY stock opened at $32.02 on Friday. Persimmon has a fifty-two week low of $26.71 and a fifty-two week high of $41.84. The business’s 50-day moving average is $29.64 and its two-hundred day moving average is $31.10.

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.