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

Persimmon Plc (OTCMKTS:PSMMY) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company.

PSMMY has been the subject of a number of research reports. Zacks Research upgraded shares of Persimmon from a “strong sell” rating to a “hold” rating in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft upgraded shares of Persimmon from a “hold” rating to a “buy” rating in a report on Friday, August 7th.

Persimmon Stock Down 1.8%

Shares of PSMMY opened at $32.02 on Friday. Persimmon has a 1 year low of $26.71 and a 1 year high of $41.84. The company has a 50 day simple moving average of $29.64 and a two-hundred day simple moving average of $31.10.

About Persimmon

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.