Persimmon Plc (OTCMKTS:PSMMY) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of Persimmon Plc (OTCMKTS:PSMMY) have earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company.

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

Persimmon Stock Down 1.6%

Shares of PSMMY stock traded down $0.54 during trading hours on Friday, reaching $33.35. The company had a trading volume of 6,413 shares, compared to its average volume of 6,428. Persimmon has a 1-year low of $26.71 and a 1-year high of $41.84. The company has a 50 day moving average of $31.71 and a 200 day moving average of $30.02. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.34 and a current ratio of 4.21.

About Persimmon

Persimmon plc is a United Kingdom-based housebuilding company that develops, constructs and sells residential properties. Its portfolio includes homes designed for first-time buyers, families and other owner-occupiers, ranging from apartments and smaller houses to larger family properties.

The company operates through several established brands, including Persimmon Homes, Charles Church and Westbury Partnerships. In addition to private-market housing, its activities include working with housing associations and other partners to provide affordable and social housing.