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

Persimmon Plc (OTCMKTS:PSMMY) has earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company.

A number of research firms have weighed in on PSMMY. Morgan Stanley restated an “overweight” rating on shares of Persimmon in a research report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft upgraded Persimmon from a “hold” rating to a “buy” rating in a report on Friday. Finally, Zacks Research lowered Persimmon from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 18th.

Persimmon Stock Performance

Persimmon stock opened at $31.72 on Monday. Persimmon has a fifty-two week low of $26.71 and a fifty-two week high of $41.84. The firm’s fifty day moving average price is $28.67 and its 200-day moving average price is $31.80.

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.