Persimmon (OTCMKTS:PSMMY) Stock Rating Upgraded by Citigroup

Persimmon (OTCMKTS:PSMMY) was upgraded by research analysts at Citigroup from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Separately, Royal Bank of Canada cut Persimmon from a “hold” rating to a “strong sell” rating in a research note on Monday.

Persimmon Stock Performance

PSMMY stock opened at $32.86 on Tuesday. The company’s fifty day simple moving average is $37.72 and its 200 day simple moving average is $39.20. Persimmon has a 12-month low of $30.87 and a 12-month high of $45.60.

Persimmon Company Profile

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services under the FibreNest brand; and timber frame, insulated wall panels, and roof cassettes under the brand Space4.