Persimmon (NASDAQ:PSMMY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Friday. The firm presently has a $77.00 price objective on the stock. Zacks Investment Research‘s target price suggests a potential upside of 14.31% from the company’s previous close.
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) opened at 67.36 on Friday. Persimmon has a 12-month low of $40.50 and a 12-month high of $68.97. The firm has a market capitalization of $10.39 billion and a price-to-earnings ratio of 11.60. The company’s 50-day moving average price is $65.09 and its 200 day moving average price is $58.94.
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