Persimmon (OTCMKTS:PSMMY) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Persimmon (OTCMKTS:PSMMY) from a buy rating to a hold rating in a report issued on Wednesday, March 14th.

According to Zacks, “Persimmon plc designs, develops and builds residential housing. It operates primarily under brand name Persimmon Homes which offers studio apartments and family homes. The Charles Church brand provides premium homes. The Space4 brand engaged in timber frame manufacturing and Westbury Partnership deals. Persimmon plc is headquartered in Fulford, the United Kingdom. “

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Separately, ValuEngine raised Persimmon from a buy rating to a strong-buy rating in a report on Friday, February 2nd.

OTCMKTS:PSMMY traded up $0.45 during trading hours on Wednesday, reaching $74.46. The company had a trading volume of 3,077 shares, compared to its average volume of 2,556. Persimmon has a 1-year low of $53.27 and a 1-year high of $77.70.

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Persimmon Company Profile

Persimmon plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family homes under the Persimmon Homes brand name, as well as homes to housing associations under the Westbury Partnerships brand; builds premium homes under the Charles Church brand; and operates off-site manufacturing plant.

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