Persimmon (OTCMKTS:PSMMY) Hits New 12-Month Low – What’s Next?

Shares of Persimmon Plc (OTCMKTS:PSMMY) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $27.51 and last traded at $28.20, with a volume of 19228 shares trading hands. The stock had previously closed at $28.93.

Wall Street Analysts Forecast Growth

PSMMY has been the subject of several research analyst reports. Citigroup restated a “buy” rating on shares of Persimmon in a research report on Wednesday, January 14th. Morgan Stanley reiterated an “overweight” rating on shares of Persimmon in a research report on Tuesday, April 14th. One equities research 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, the stock presently has an average rating of “Buy”.

Persimmon Stock Performance

The stock has a 50-day simple moving average of $32.34 and a 200 day simple moving average of $34.59.

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.