Shares of Persimmon Plc (OTCMKTS:PSMMY – Get Rating) have earned an average recommendation of “Reduce” from the ten ratings firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $1,477.40.
Separately, Simmons began coverage on Persimmon in a research note on Thursday. They set a “neutral” rating for the company.
Persimmon Price Performance
PSMMY opened at $30.19 on Thursday. The business has a fifty day simple moving average of $31.77 and a 200-day simple moving average of $32.11. Persimmon has a fifty-two week low of $24.77 and a fifty-two week high of $48.51.
Persimmon Cuts Dividend
About Persimmon
Persimmon Plc operates as a holding company of the Persimmon Group of companies, which engages in building, designing, and construction of new homes. Its brands include Charles Church, Westbury Partnershisps, Space4, Brickworks, and Tileworks. The company was founded by Duncan Henry Davidson in 1972 and is headquartered in Fulford, the United Kingdom.
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