Persimmon (OTCMKTS:PSMMY) Raised to "Hold" at Royal Bank Of Canada

Persimmon (OTCMKTS:PSMMY - Get Free Report) was upgraded by equities research analysts at Royal Bank Of Canada from a "strong sell" rating to a "hold" rating in a report released on Wednesday,Zacks.com reports.

Separately, Morgan Stanley reissued an "overweight" rating on shares of Persimmon in a research report on Tuesday, May 6th.

Persimmon Stock Performance

OTCMKTS:PSMMY traded up $0.40 on Wednesday, reaching $33.64. The stock had a trading volume of 6,016 shares, compared to its average volume of 15,280. The company has a 50-day moving average of $36.00 and a 200 day moving average of $32.48. Persimmon has a 12-month low of $25.47 and a 12-month high of $45.60.

About Persimmon

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services under the FibreNest brand; and timber frame, insulated wall panels, and roof cassettes under the brand Space4.

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