Persimmon Plc (OTCMKTS:PSMMY) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Persimmon Plc (OTCMKTS:PSMMY – Get Free Report) have earned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company.

Several analysts have issued reports on PSMMY shares. Deutsche Bank Aktiengesellschaft raised shares of Persimmon from a “hold” rating to a “buy” rating in a research report on Friday, August 7th. UBS Group initiated coverage on Persimmon in a research note on Wednesday, September 9th. They issued 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.

View Our Latest Report on Persimmon

Persimmon Stock Up 0.7%

Shares of OTCMKTS PSMMY opened at $30.70 on Tuesday. The business has a 50-day moving average price of $30.68 and a two-hundred day moving average price of $29.82. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.31 and a current ratio of 4.21. Persimmon has a one year low of $26.71 and a one year high of $41.84.

Persimmon Company Profile

(Get Free Report)

Persimmon plc is a United Kingdom-based housebuilder that develops and sells new homes for private buyers, first-time purchasers and affordable-housing customers. Its operations include land acquisition, residential planning, construction and home sales, as well as customer support following completion.

The company markets homes primarily through the Persimmon Homes, Charles Church and Westbury Partnerships brands. Its developments range from entry-level and family housing to larger, higher-specification properties, while Westbury Partnerships works with housing associations and other organizations to deliver affordable homes.

Persimmon traces its origins to 1972 and serves communities across England, Scotland and Wales through a network of regional operating businesses.

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Analyst Recommendations for Persimmon (OTCMKTS:PSMMY)

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