Persimmon (OTCMKTS:PSMMY) Sets New 1-Year High – What’s Next?

Shares of Persimmon Plc (OTCMKTS:PSMMY) hit a new 52-week high on Tuesday . The stock traded as high as $39.26 and last traded at $39.17, with a volume of 10870 shares trading hands. The stock had previously closed at $38.3550.

Analyst Ratings Changes

PSMMY has been the topic of several analyst reports. The Goldman Sachs Group assumed coverage on shares of Persimmon in a research note on Monday, November 24th. They set a “buy” rating on the stock. Royal Bank Of Canada raised shares of Persimmon from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. Finally, Citigroup reissued a “buy” rating on shares of Persimmon in a research note on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy”.

Persimmon Stock Performance

The stock has a 50-day simple moving average of $35.90 and a 200-day simple moving average of $32.87.

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.