Persimmon Plc (OTCMKTS:PSMMY) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Persimmon Plc (OTCMKTS:PSMMY) have been assigned a consensus rating of “Buy” from the five analysts that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company.

Several analysts have recently issued reports on PSMMY shares. Citigroup restated a “buy” rating on shares of Persimmon in a research report on Wednesday, January 14th. Morgan Stanley restated an “overweight” rating on shares of Persimmon in a research report on Tuesday, April 14th.

Persimmon Stock Performance

Shares of OTCMKTS PSMMY opened at $29.46 on Friday. The firm’s 50-day moving average price is $33.12 and its 200-day moving average price is $34.69. Persimmon has a 12-month low of $27.82 and a 12-month high of $41.84.

About Persimmon

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.