Persimmon (OTCMKTS:PSMMY) Sets New 12-Month Low - Here's What Happened

Persimmon Plc (OTCMKTS:PSMMY - Get Free Report) shares hit a new 52-week low on Monday . The stock traded as low as $25.47 and last traded at $25.72, with a volume of 45965 shares trading hands. The stock had previously closed at $26.36.

Wall Street Analysts Forecast Growth

PSMMY has been the topic of several recent research reports. Royal Bank of Canada lowered shares of Persimmon from a "hold" rating to a "strong sell" rating in a research report on Monday, December 2nd. Citigroup raised shares of Persimmon from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 3rd.

Persimmon Price Performance

The stock's 50-day moving average price is $31.39 and its 200 day moving average price is $38.01.

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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