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

Persimmon Plc (OTCMKTS:PSMMY) has been given a consensus recommendation of “Buy” by the five research firms that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company.

Separately, Morgan Stanley reissued an “overweight” rating on shares of Persimmon in a report on Tuesday, April 14th.

Persimmon Stock Performance

PSMMY stock opened at $29.76 on Wednesday. Persimmon has a 1-year low of $27.33 and a 1-year high of $41.84. The business has a 50 day simple moving average of $29.77 and a two-hundred day simple moving average of $34.22.

Persimmon Company Profile

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.