Persimmon (OTCMKTS:PSMMY) Reaches New 12-Month High – Time to Buy?

Persimmon Plc (OTCMKTS:PSMMY)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $41.84 and last traded at $41.84, with a volume of 2027 shares traded. The stock had previously closed at $41.5750.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. 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 began coverage on Persimmon in a research report on Monday, November 24th. They issued a “buy” rating for the company. Finally, Citigroup reiterated a “buy” rating on shares of Persimmon in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Persimmon Stock Performance

The firm has a 50 day moving average price of $37.66 and a two-hundred day moving average price of $33.75.

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.