Persimmon Plc (OTCMKTS:PSMMY) Receives Consensus Rating of “Buy” from Analysts

Persimmon Plc (OTCMKTS:PSMMY) has earned an average rating of “Buy” from the five ratings firms that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company.

A number of equities analysts recently commented on the company. Citigroup reiterated a “buy” rating on shares of Persimmon in a research note on Wednesday, January 14th. Royal Bank Of Canada raised Persimmon from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 2nd. Finally, The Goldman Sachs Group initiated coverage on Persimmon in a report on Monday, November 24th. They issued a “buy” rating for the company.

Persimmon Price Performance

Shares of PSMMY stock opened at $41.01 on Monday. Persimmon has a 1-year low of $27.82 and a 1-year high of $41.39. The firm has a fifty day moving average of $37.16 and a two-hundred day moving average of $33.43.

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.