Persimmon (OTCMKTS:PSMMY) Stock Rating Upgraded by Kepler Capital Markets

Key Points

• Persimmon has received a rating upgrade to "strong-buy" by Kepler Capital Markets, signaling increased confidence in the stock's future performance.
• The stock recently opened at $32.46, having fluctuated between a low of $25.47 and a high of $45.60 over the last twelve months.
• Other analysts also modified their ratings on Persimmon, with Royal Bank of Canada upgrading it from "strong sell" to "hold" and Morgan Stanley maintaining an "overweight" rating.

Kepler Capital Markets upgraded shares of Persimmon (OTCMKTS:PSMMY - Free Report) to a strong-buy rating in a research note released on Wednesday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on PSMMY. Morgan Stanley reiterated an "overweight" rating on shares of Persimmon in a report on Tuesday, May 6th. Royal Bank Of Canada upgraded shares of Persimmon from a "strong sell" rating to a "hold" rating in a research report on Wednesday, July 9th.

Persimmon Trading Down 3.2%

PSMMY stock traded down $1.03 during trading on Wednesday, hitting $31.43. The stock had a trading volume of 3,200 shares, compared to its average volume of 8,618. Persimmon has a twelve month low of $25.47 and a twelve month high of $45.60. The company's 50-day moving average price is $35.19 and its two-hundred day moving average price is $32.82.

Persimmon Increases Dividend

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

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.