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Credit Suisse announced Persimmon PLC (LON:PSN), boosting its stock price target to 1,702.00GBX today

Yesterday Persimmon PLC (LON:PSN) traded 0.90% higher at 1,762.50GBX. The company’s 50-day moving average is 1,782.69GBX and its 200-day moving average is 1,860.38GBX. The last stock close price is down -3.41% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 952,700 shares of the stock were exchanged, down from an average trading volume of 2,163,830

In a statement issued on Friday September 23, 2016 Credit Suisse increased the stock price target of Persimmon PLC (LON:PSN) from 1,273.00GBX to 1,702.00GBX indicating a possible downside of -0.03%.

Previously on 9/20/2016, Canaccord Genuity reported about Persimmon PLC (LON:PSN) held steady the target price at 1,970.00GBX. At the time, this indicated a possible upside of 0.12%.

See Chart Below

Persimmon PLC (LON:PSN)

Persimmon PLC has a 52 week low of 1,170.00GBX and a 52 week high of 2,255.00GBX with a P/E ratio of 9.98 The company’s market cap is currently 0 GBX.

In addition to Credit Suisse reporting its target price, a total of 13 firms have reported on the company. The average stock price target is 1,846.54GBX with 1 brokerage rating the stock a strong buy, 2 brokerages rating the stock a buy, 11 analysts rating the company a hold, two analysts rating the company a underperform, and lastly zero analysts rating the company a sell.

More About Persimmon PLC (LON:PSN)

Persimmon Plc is a United Kingdom-based holding company. The Company is engaged in house building within the United Kingdom. The Company trades under the brand names of Persimmon Homes, Charles Church, Westbury Partnerships and Space4. The Company offers a range of homes from studio apartments to family homes in approximately 400 locations under Permission homes brand. The Company builds homes tailored to local markets under Charles Church brand. The Company focuses on social housing and sells these homes under Westbury Partnerships. The Company's Space4 business operates the automated timber frame manufacturing plant in the United Kingdom. The Company owns approximately 17,700 acres and over 54,300 plots. The Company operates through a network of approximately 30 regional offices.

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