Deutsche Bank has upgraded Persimmon PLC (LSE:PSN) to 'buy' from 'hold', arguing that share price weakness has left the housebuilder too cheap despite a run of forecast downgrades. Chris Millington nudged his target price down to 1,403p from 1,419p, still implying about 20% upside from the last close of 1,166.5p.
Persimmon Plc (PSMMY) Q2 2026 Earnings Call Transcript
Persimmon PLC (LSE:PSN) kept its dividend flat as it reported double-digit growth in first-half profits and completions but flagged signs of softer demand in the second half. The FTSE 100 housebuilder posted interim results showing underlying operating profit rose 10% to £189.1 million, although the margin narrowed by 30 basis points to 12.8%.
| Residential REITs Industry | Real Estate Sector | Dean Kendal Finch CEO | XDUS Exchange | US7153181018 ISIN |
| GB Country | 4,675 Employees | 18 Jun 2026 Last Dividend | - Last Split | - IPO Date |
Persimmon Plc is a distinguished name in the UK housing industry, with its core focus being the construction and sale of residential properties. Founded in 1972, the company has established itself as a leading house builder across the United Kingdom, serving a broad spectrum of clients through its extensive portfolio of family, executive, and social housing. Headquartered in York, Persimmon Plc has successfully expanded its operations nationwide, leveraging its brands such as Persimmon Homes, Charles Church, and Westbury Partnerships to cater to diverse market segments. Additionally, the company has ventured into the provision of broadband services, further diversifying its business offerings and enhancing its value proposition to customers.
Persimmon Plc provides a comprehensive range of products and services tailored to meet the varied needs of the housing market in the United Kingdom, including: