Persimmon (OTCMKTS:PSMMY) Shares Gap Down – What’s Next?

Persimmon Plc (OTCMKTS:PSMMY) gapped down before the market opened on Tuesday . The stock had previously closed at $30.9950, but opened at $29.65. Persimmon shares last traded at $29.81, with a volume of 3,346 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PSMMY. Royal Bank Of Canada upgraded Persimmon from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 2nd. Citigroup reiterated a “buy” rating on shares of Persimmon in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy”.

Persimmon Stock Up 0.9%

The company’s 50 day moving average is $37.25 and its 200 day moving average is $34.71.

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.