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

Persimmon Plc (OTCMKTS:PSMMY) gapped down before the market opened on Thursday . The stock had previously closed at $34.13, but opened at $32.65. Persimmon shares last traded at $32.60, with a volume of 2,493 shares.

Analysts Set New Price Targets

Several research firms recently weighed in on PSMMY. Royal Bank Of Canada upgraded shares of Persimmon from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. Citigroup reaffirmed a “buy” rating on shares of Persimmon in a report on Wednesday, January 14th. Finally, The Goldman Sachs Group initiated coverage on Persimmon in a research report on Monday, November 24th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to MarketBeat.com, Persimmon has a consensus rating of “Buy”.

Persimmon Stock Performance

The business has a fifty day simple moving average of $38.48 and a two-hundred day simple moving average of $34.59.

Persimmon Company Profile

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.