Zacks Investment Research Lowers Persimmon (PSMMY) to Hold

Zacks Investment Research cut shares of Persimmon (NASDAQ:PSMMY) from a strong-buy rating to a hold rating in a research report report published on Thursday, May 4th.

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. “

Shares of Persimmon (NASDAQ:PSMMY) traded up 1.713% during trading on Thursday, hitting $63.835. 2,413 shares of the stock were exchanged. Persimmon has a 52 week low of $31.31 and a 52 week high of $64.55. The firm has a 50 day moving average price of $58.83 and a 200 day moving average price of $50.24. The firm has a market capitalization of $9.84 billion and a P/E ratio of 12.611.

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