Persimmon Plc (OTCMKTS:PSMMY – Get Free Report)’s stock price gapped up before the market opened on Monday. The stock had previously closed at $30.4950, but opened at $35.17. Persimmon shares last traded at $35.17, with a volume of 169 shares trading hands.
Analyst Upgrades and Downgrades
PSMMY has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Persimmon from a “hold” rating to a “buy” rating in a research note on Friday, August 7th. UBS Group initiated coverage on shares of Persimmon in a research report on Wednesday, September 9th. They set a “buy” rating for the company. Finally, Zacks Research upgraded shares of Persimmon from a “strong sell” rating to a “hold” rating in a report on Friday, August 14th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.
Check Out Our Latest Research Report on Persimmon
Persimmon Trading Up 14.8%
About Persimmon
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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