Berenberg Bank Upgrades Persimmon (OTCMKTS:PSMMY) to Buy

Persimmon (OTCMKTS:PSMMY) was upgraded by stock analysts at Berenberg Bank to a “buy” rating in a note issued to investors on Wednesday, The Fly reports.

Several other analysts also recently weighed in on the company. JPMorgan Chase & Co. upgraded Persimmon to an “overweight” rating in a research note on Thursday, August 19th. Zacks Investment Research downgraded Persimmon from a “hold” rating to a “sell” rating in a research note on Saturday, October 30th. Finally, Morgan Stanley restated an “equal weight” rating on shares of Persimmon in a research note on Thursday, August 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Persimmon currently has an average rating of “Hold” and a consensus target price of $80.00.

Shares of PSMMY opened at $75.63 on Wednesday. The stock’s fifty day simple moving average is $73.64 and its 200 day simple moving average is $80.36. Persimmon has a twelve month low of $64.78 and a twelve month high of $95.50.

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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Analyst Recommendations for Persimmon (OTCMKTS:PSMMY)

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