Persimmon Plc (PSMMY) – What Are Brokerages Saying About This Stock?

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

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

Persimmon Price Performance

Persimmon stock opened at $34.06 on Wednesday. The company’s 50-day moving average is $32.52 and its two-hundred day moving average is $31.90. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.34 and a current ratio of 4.21. Persimmon has a 1 year low of $26.71 and a 1 year high of $41.84.

About Persimmon

Persimmon plc is a United Kingdom homebuilder that develops and sells new homes to buyers across a range of market segments. Its homes include apartments and houses designed for first-time buyers, families and other purchasers. The company operates through brands including Persimmon Homes and Charles Church, and also works with housing partners to deliver homes for rent and affordable housing. Its developments are located across the UK. Founded in 1972, Persimmon has grown into one of the country’s established residential developers.