Persimmon Plc (OTCMKTS:PSMMY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Persimmon Plc (OTCMKTS:PSMMY) have been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company.

PSMMY has been the subject of a number of recent research reports. Zacks Research upgraded shares of Persimmon from a “strong sell” rating to a “hold” rating in a report on Friday, August 14th. Deutsche Bank Aktiengesellschaft raised Persimmon from a “hold” rating to a “buy” rating in a research report on Friday, August 7th.

Persimmon Price Performance

Persimmon stock opened at $30.92 on Friday. The business has a fifty day moving average of $29.95 and a two-hundred day moving average of $30.77. Persimmon has a one year low of $26.71 and a one year high of $41.84.

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.