Zacks Investment Research Upgrades Persimmon (PSMMY) to “Buy”

Persimmon (OTCMKTS:PSMMY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Saturday. The firm presently has a $87.00 price target on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 13.89% from the company’s current price.

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.

Shares of OTCMKTS PSMMY opened at $76.39 on Friday. Persimmon has a one year low of $55.08 and a one year high of $78.14. The firm has a market capitalization of $12,036.13, a price-to-earnings ratio of 14.12, a PEG ratio of 0.82 and a beta of -0.34.

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About Persimmon

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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