Citigroup Upgrades Persimmon (OTCMKTS:PSMMY) to "Strong-Buy"

Persimmon (OTCMKTS:PSMMY - Get Free Report) was upgraded by investment analysts at Citigroup from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, Royal Bank of Canada cut shares of Persimmon from a "hold" rating to a "strong sell" rating in a research report on Monday.

Persimmon Trading Down 0.4 %

OTCMKTS:PSMMY traded down $0.14 during trading hours on Tuesday, hitting $32.72. The company's stock had a trading volume of 10,380 shares, compared to its average volume of 8,221. Persimmon has a 52-week low of $30.87 and a 52-week high of $45.60. The business's 50-day moving average is $37.48 and its two-hundred day moving average is $39.16.

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.