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

Royal Bank Of Canada upgraded shares of Persimmon (OTCMKTS:PSMMY - Free Report) from a strong sell rating to a hold rating in a research report report published on Wednesday,Zacks.com reports.

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

Persimmon Stock Performance

PSMMY stock traded down $0.79 during midday trading on Wednesday, hitting $33.04. The company's stock had a trading volume of 1,074 shares, compared to its average volume of 23,324. The firm has a 50-day simple moving average of $35.97 and a 200-day simple moving average of $32.50. Persimmon has a 52-week low of $25.47 and a 52-week high of $45.60.

Persimmon Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, July 28th. Investors of record on Monday, June 23rd will be paid a dividend of $0.9997 per share. This represents a dividend yield of 3.94%. This is a positive change from Persimmon's previous dividend of $0.48. The ex-dividend date of this dividend is Friday, June 20th.

Persimmon Company Profile

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.