Persimmon Plc (PSMMY) – What Are Investment Firms Thinking About This Stock?

Persimmon Plc (OTCMKTS:PSMMY) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company.

A number of research analysts have commented on PSMMY shares. Deutsche Bank Aktiengesellschaft upgraded shares of Persimmon from a “hold” rating to a “buy” rating in a research note on Friday, August 7th. UBS Group began coverage on shares of Persimmon in a research note on Wednesday, September 9th. They set a “buy” rating for the company. Finally, Zacks Research upgraded Persimmon from a “strong sell” rating to a “hold” rating in a research note on Friday, August 14th.

Persimmon Stock Performance

PSMMY stock opened at $34.09 on Friday. The company has a fifty day moving average price of $31.88 and a 200 day moving average price of $30.18. The company has a current ratio of 4.21, a quick ratio of 0.34 and a debt-to-equity ratio of 0.07. Persimmon has a 12 month low of $26.71 and a 12 month high of $41.84.

About Persimmon

Persimmon plc is a United Kingdom-based housebuilding company that develops, constructs and sells new homes. Its operations include acquiring residential land, obtaining planning approvals, building properties and selling completed homes to private buyers and housing organizations.

The company offers a range of homes, including houses and apartments designed for first-time buyers, families and other purchasers. Through its Persimmon, Charles Church and Westbury Partnerships brands, it also works with housing associations and other partners to provide affordable and social housing.

Persimmon serves communities across England, Scotland and Wales through a network of regional operating businesses.