Persimmon Plc (OTCMKTS:PSMMY) Given Average Rating of “Buy” by Brokerages

Shares of Persimmon Plc (OTCMKTS:PSMMY) have been assigned a consensus rating of “Buy” from the five ratings firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company.

PSMMY has been the subject of a number of analyst reports. Citigroup reaffirmed a “buy” rating on shares of Persimmon in a research note on Wednesday, January 14th. Royal Bank Of Canada upgraded Persimmon from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 2nd. Finally, The Goldman Sachs Group started coverage on Persimmon in a research note on Monday, November 24th. They issued a “buy” rating for the company.

Persimmon Trading Down 1.4%

Shares of Persimmon stock opened at $34.75 on Friday. The firm has a fifty day moving average of $38.65 and a two-hundred day moving average of $34.55. Persimmon has a 52 week low of $27.82 and a 52 week 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.