Persimmon (OTCMKTS:PSMMY) Trading Up 0.2% – Time to Buy?

Persimmon Plc (OTCMKTS:PSMMY) shares were up 0.2% during trading on Tuesday . The stock traded as high as $31.98 and last traded at $31.81. Approximately 10,452 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 13,209 shares. The stock had previously closed at $31.75.

Analysts Set New Price Targets

Several analysts have commented on PSMMY shares. Royal Bank Of Canada raised Persimmon from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 9th. Kepler Capital Markets raised Persimmon to a “strong-buy” rating in a report on Wednesday, July 23rd. Finally, Citigroup reissued a “buy” rating on shares of Persimmon in a report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Persimmon Price Performance

The stock has a 50 day moving average price of $30.40 and a 200-day moving average price of $32.75.

Persimmon Company Profile

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services under the FibreNest brand; and timber frame, insulated wall panels, and roof cassettes under the brand Space4.