Persimmon Plc (OTCMKTS:PSMMY – Get Free Report)’s stock price was up 16.6% during trading on Tuesday. The company traded as high as $35.80 and last traded at $35.80. Approximately 2,142 shares traded hands during trading, a decline of 92% from the average session volume of 27,884 shares. The stock had previously closed at $30.70.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded Persimmon from a “hold” rating to a “buy” rating in a report on Friday, August 7th. Zacks Research upgraded Persimmon from a “strong sell” rating to a “hold” rating in a report on Friday, August 14th. Finally, UBS Group initiated coverage on Persimmon in a research report on Wednesday, September 9th. They set a “buy” rating for the company. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Persimmon currently has a consensus rating of “Moderate Buy”.
Read Our Latest Report on PSMMY
Persimmon Stock Down 0.1%
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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