Persimmon (OTCMKTS:PSMMY) Reaches New 12-Month Low – Time to Sell?

Persimmon Plc (OTCMKTS:PSMMY) reached a new 52-week low during trading on Tuesday . The stock traded as low as $27.3350 and last traded at $27.3350, with a volume of 6974 shares trading hands. The stock had previously closed at $27.86.

Analysts Set New Price Targets

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Persimmon in a research note on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to data from MarketBeat.com, Persimmon currently has a consensus rating of “Buy”.

Persimmon Trading Down 1.9%

The company has a 50 day moving average of $30.29 and a 200 day moving average of $34.35.

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.