Persimmon (OTCMKTS:PSMMY) Reaches New 12-Month Low – What’s Next?

Persimmon Plc (OTCMKTS:PSMMYGet Free Report) reached a new 52-week low on Monday . The company traded as low as $27.29 and last traded at $27.30, with a volume of 272019 shares trading hands. The stock had previously closed at $28.12.

Analysts Set New Price Targets

Separately, Morgan Stanley reiterated an “overweight” rating on shares of Persimmon in a report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. Based on data from MarketBeat.com, Persimmon currently has a consensus rating of “Buy”.

Read Our Latest Stock Report on PSMMY

Persimmon Stock Performance

The business has a 50 day moving average price of $29.45 and a two-hundred day moving average price of $33.94.

About Persimmon

(Get Free Report)

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.

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