Persimmon (OTCMKTS:PSMMY) Reaches New 12-Month Low – Here’s What Happened

Persimmon Plc (OTCMKTS:PSMMY) shares reached a new 52-week low on Tuesday . The stock traded as low as $27.75 and last traded at $27.75, with a volume of 19736 shares. The stock had previously closed at $28.87.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PSMMY shares. Citigroup raised shares of Persimmon from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada lowered Persimmon from a “hold” rating to a “strong sell” rating in a report on Monday, December 2nd.

Persimmon Price Performance

The business has a 50-day moving average of $31.83 and a 200 day moving average of $38.10.

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.