Persimmon, Barratt rise as housebuilding sector lifted as Bellway update 'supports bull case'
Shares in housebuilders such as Persimmon PLC (LSE:PSN) and Barratt Redrow PLC (LSE:BTRW) rose on Tuesday after a reassuring trading update from Bellway PLC (LSE:BWY) settled nerves that might have crept in from a profit warning from smaller rival MJ Gleeson last week. FTSE 250-listed Bellway nudged up its expectations for completed sales and average selling prices, leading to new operating profit guidance that was ahead of the consensus forecasts.
Persimmon (PSMMY) Upgraded to Buy: Here's Why
Persimmon (PSMMY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Is Persimmon (PSMMY) Stock Outpacing Its Construction Peers This Year?
Here is how Persimmon Plc (PSMMY) and Construction Partners (ROAD) have performed compared to their sector so far this year.
Persimmon sells FibreNest broadband arm to BUUK for £100 million
Housebuilder Persimmon PLC (LSE:PSN) has agreed to sell its broadband business, FibreNest, to utilities provider BUUK Infrastructure in a deal worth around £100 million. The company will receive £70 million upfront, with further payments tied to FibreNest's future performance.
Persimmon reports no change to housing demand from global economic uncertainty
Persimmon PLC (LSE:PSN) reported an increase in its sales rate in the first four months of 2025 and reiterated its guidance for the full year. Shares in the housebuilder fell 2% in early trading but were flat by mid-morning at 1,294p.
PSMMY vs. NVR: Which Stock Is the Better Value Option?
Investors with an interest in Building Products - Home Builders stocks have likely encountered both Persimmon Plc (PSMMY) and NVR (NVR). But which of these two stocks is more attractive to value investors?
Persimmon reports profits rebounding more than expected
Persimmon PLC (LSE:PSN) shares rose 3.7% to 1,214p after the housebuilder delivered a small beat to City forecasts for its 2024 calendar year results. The FTSE 100-listed group delivered 10,664 homes in the year, up 7% of the prior year, with average selling prices 5% ahead at £268.5k.
Persimmon's solid results face cloud of Budget-related uncertainty
Persimmon PLC has already signalled strong trading for the year just gone, leaving focus in next Tuesday, 11 March's result on its outlook as uncertainty clouds the housing sector. Completions grew 7% to 10,664 in 2024, Persimmon said in January, outdoing market expectations.
Persimmon: U.K. Housing Market On The Verge Of Recovery
Persimmon is a potential turnaround investment, trading near its 5-year low, with a focus on affordable housing and first-time buyers. The investment thesis hinges on expected BOE rate cuts in 2025, boosting mortgage demand and benefiting Persimmon. Labour Party's housing policy aims to build 1.5 million new houses, providing a significant tailwind for Persimmon.
Persimmon 'top pick' in housebuilding as rating assumes no improvement, says US broker
Persimmon PLC (LSE:PSN) has been rated as its Top Pick among UK housebuilders by US broker Jefferies. On its calculations, the share price currently assumes no improvement to its return on equity from 2024.
Persimmon upgraded after trading update - here's why
Deutsche Bank has upgraded Persimmon PLC (LSE:PSN) from 'hold' to 'buy', citing emerging valuation opportunities after a 40% decline in the housebuilder's share price since mid-October. The bank's analysts left their target unchanged at 1,419p - representing a 23% premium to the current share price of 1,149p (up 3% on the day).
Persimmon sees high-end profit but flags rate cut jitters
Persimmon PLC (LSE:PSN) has said full-year profit should meet the high end of market expectations after outdoing anticipations around completions and enjoying higher selling prices in 2024. Underlying operating pre-tax profit is expected to sit at the upper end of the £349 million to £390 million range, the FTSE 100-listed housebuilder updated on Tuesday.
