Persimmon (OTCMKTS:PSMMY) Trading 2.1% Higher - Here's What Happened

Key Points

• Persimmon Plc shares rose by 2.1% during mid-day trading, reaching a last traded price of $31.57, significantly above its previous close of $30.93.
• Analysts have positive outlooks for Persimmon, with ratings including one **Strong Buy**, two **Buy**, and one **Hold**, leading to an average rating of **"Buy."**
• The company's stock trading volume increased by 113%, with approximately 23,750 shares changing hands compared to the average daily volume of 11,148 shares.

Persimmon Plc (OTCMKTS:PSMMY - Get Free Report)'s share price rose 2.1% during mid-day trading on Tuesday . The stock traded as high as $31.65 and last traded at $31.57. Approximately 23,750 shares changed hands during trading, an increase of 113% from the average daily volume of 11,148 shares. The stock had previously closed at $30.93.

Wall Street Analysts Forecast Growth

PSMMY has been the subject of a number of research reports. Kepler Capital Markets raised shares of Persimmon to a "strong-buy" rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada raised Persimmon from a "strong sell" rating to a "hold" rating in a research note on Wednesday, July 9th. Finally, Citigroup reiterated a "buy" rating on shares of Persimmon in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy".

Persimmon Stock Up 2.1%

The business's fifty day moving average price is $30.27 and its two-hundred day moving average price is $32.72.

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.

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