Persimmon (OTCMKTS:PSMMY) Upgraded by Citigroup to “Strong-Buy” Rating

Citigroup upgraded shares of Persimmon (OTCMKTS:PSMMY) from a hold rating to a strong-buy rating in a research report report published on Tuesday morning,Zacks.com reports.

Separately, Royal Bank of Canada downgraded Persimmon from a “hold” rating to a “strong sell” rating in a research report on Monday.

Persimmon Price Performance

OTCMKTS PSMMY opened at $32.86 on Tuesday. The company’s 50 day moving average is $37.72 and its 200-day moving average is $39.20. Persimmon has a 12-month low of $30.87 and a 12-month high of $45.60.

Persimmon Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, October 18th were paid a $0.4829 dividend. The ex-dividend date of this dividend was Friday, October 18th.

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.