Persimmon Plc (OTCMKTS:PSMMY) Given Average Recommendation of “Buy” by Brokerages

Shares of Persimmon Plc (OTCMKTS:PSMMY) have received an average rating of “Buy” from the five brokerages that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company.

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

Persimmon Trading Down 0.3%

Shares of PSMMY opened at $41.45 on Monday. The firm has a fifty day simple moving average of $37.39 and a two-hundred day simple moving average of $33.59. Persimmon has a 1-year low of $27.82 and a 1-year high of $41.68.

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.