Persimmon Plc (OTCMKTS:PSMMY) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Persimmon Plc (OTCMKTS:PSMMY) has received an average rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company.

A number of equities analysts recently issued reports on the stock. UBS Group started coverage on shares of Persimmon in a report on Wednesday, September 9th. They issued a “buy” rating on the stock. Zacks Research upgraded shares of Persimmon from a “strong sell” rating to a “hold” rating in a research report on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Persimmon from a “hold” rating to a “buy” rating in a research note on Friday, August 7th.

Persimmon Trading Up 14.9%

OTCMKTS PSMMY opened at $35.27 on Tuesday. Persimmon has a 52 week low of $26.71 and a 52 week high of $41.84. The company has a quick ratio of 0.34, a current ratio of 4.21 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average price of $30.83 and a 200-day moving average price of $29.81.

Persimmon Company Profile

Persimmon plc is a United Kingdom-based housebuilder that develops and sells new homes for private buyers, first-time purchasers and affordable-housing customers. Its operations include land acquisition, residential planning, construction and home sales, as well as customer support following completion.

The company markets homes primarily through the Persimmon Homes, Charles Church and Westbury Partnerships brands. Its developments range from entry-level and family housing to larger, higher-specification properties, while Westbury Partnerships works with housing associations and other organizations to deliver affordable homes.

Persimmon traces its origins to 1972 and serves communities across England, Scotland and Wales through a network of regional operating businesses.