Persimmon (OTCMKTS:PSMMY) Shares Gap Down – Here’s What Happened

Shares of Persimmon Plc (OTCMKTS:PSMMYGet Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $29.21, but opened at $27.78. Persimmon shares last traded at $27.9850, with a volume of 11,646 shares traded.

Analysts Set New Price Targets

Separately, Morgan Stanley reissued an “overweight” rating on shares of Persimmon in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to data from MarketBeat.com, Persimmon has an average rating of “Buy”.

View Our Latest Stock Report on Persimmon

Persimmon Price Performance

The business’s fifty day moving average is $29.27 and its 200-day moving average is $33.62.

Persimmon Company Profile

(Get Free Report)

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.

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