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

Persimmon logo with Construction background

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.

Check Out Our Latest Analysis on PSMMY

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

(Get Free Report)

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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