Persimmon (OTCMKTS:PSMMY) Shares Gap Up – Should You Buy?

Persimmon Plc (OTCMKTS:PSMMY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $27.98, but opened at $29.32. Persimmon shares last traded at $29.3980, with a volume of 404 shares.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PSMMY. Morgan Stanley reissued an “overweight” rating on shares of Persimmon in a research note on Tuesday, April 14th. Zacks Research lowered Persimmon from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Persimmon Stock Up 3.3%

The company’s fifty day simple moving average is $28.40 and its two-hundred day simple moving average is $32.46.

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.