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

Shares of Persimmon Plc (OTCMKTS:PSMMY) gapped up prior to trading on Wednesday . The stock had previously closed at $31.5450, but opened at $32.72. Persimmon shares last traded at $32.72, with a volume of 102 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised Persimmon from a “hold” rating to a “buy” rating in a research report on Friday, August 7th. Zacks Research upgraded shares of Persimmon from a “strong sell” rating to a “hold” rating in a research note on Friday, August 14th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Persimmon Price Performance

The firm’s 50 day moving average price is $29.49 and its 200-day moving average price is $31.19.

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.