Persimmon Plc (OTCMKTS:PSMMY) Receives Average Rating of “Buy” from Brokerages

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

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

Persimmon Trading Up 0.6%

PSMMY opened at $37.77 on Thursday. Persimmon has a 1-year low of $27.82 and a 1-year high of $38.84. The company has a 50 day simple moving average of $35.39 and a two-hundred day simple moving average of $32.71.

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.