Persimmon (OTCMKTS:PSMMY) Shares Gap Up – What’s Next?

Persimmon Plc (OTCMKTS:PSMMY)’s stock price gapped up before the market opened on Thursday. The stock had previously closed at $33.80, but opened at $34.88. Persimmon shares last traded at $34.45, with a volume of 933 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on PSMMY shares. Deutsche Bank upgraded shares of Persimmon from a “hold” rating to a “buy” rating in a research note on Friday, August 7th. UBS Group started coverage on Persimmon in a report on Wednesday, September 9th. They set a “buy” rating for the company. Finally, Zacks Research raised Persimmon from a “strong sell” rating to a “hold” rating in a report on Friday, August 14th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Persimmon Trading Up 0.6%

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 business has a 50 day simple moving average of $32.58 and a 200-day simple moving average of $31.87.

Persimmon Company Profile

Persimmon plc is a United Kingdom homebuilder that develops and sells new homes to buyers across a range of market segments. Its homes include apartments and houses designed for first-time buyers, families and other purchasers. The company operates through brands including Persimmon Homes and Charles Church, and also works with housing partners to deliver homes for rent and affordable housing. Its developments are located across the UK. Founded in 1972, Persimmon has grown into one of the country’s established residential developers.