Persimmon (OTCMKTS:PSMMY) Shares Gap Down – Time to Sell?

Persimmon Plc (OTCMKTS:PSMMY) shares gapped down prior to trading on Thursday . The stock had previously closed at $29.21, but opened at $27.78. Persimmon shares last traded at $27.9850, with a volume of 11,646 shares traded.

Analysts Set New Price Targets

Separately, Morgan Stanley reiterated an “overweight” rating on shares of Persimmon in a report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Persimmon Trading Down 5.1%

The stock’s 50-day simple moving average is $29.37 and its two-hundred day simple moving average is $33.72.

About Persimmon

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.