FTSE 100 Housebuilder Persimmon Drops 3% As Revenues And Profits Rise
Shares in FTSE 100-listed Persimmon dropped on Wednesday despite announcing a first-half uptick in sales and profits.
Persimmon shares dip on trimmed 2026 margin outlook
Persimmon PLC's (LSE:PSN) shares fell around 3.4% after it slightly lowered its 2026 profit guidance. The housebuilder's first-half results were solid: completions rose 4% to 4,605, helped by a 5% improvement in sales rates, while the average selling price climbed 8% to £284,000.
Persimmon keeps full-year targets but flags headwinds
Persimmon PLC (LSE:PSN) has maintained its guidance for 2025 completions and margins, while acknowledging the housing market still faces cost and affordability pressures. The UK housebuilder expects to deliver between 11,000 and 11,500 new homes this year, with a housing operating margin of 14.2% to 14.5%.
PSMMY vs. NVR: Which Stock Is the Better Value Option?
Investors interested in Building Products - Home Builders stocks are likely familiar with Persimmon Plc (PSMMY) and NVR (NVR). But which of these two companies is the best option for those looking for undervalued stocks?
PSMMY vs. NVR: Which Stock Should Value Investors Buy Now?
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 presents investors with the better value opportunity right now?
Barrat Redrow, Persimmon and other housebuilders fined £100m over collusion tactics
A £100 million fine has been slapped on six listed housebuilders – Barratt Redrow PLC (LSE:BTRW), Bellway PLC (LSE:BWY), Berkeley Group Holdings PLC (LSE:BKG), Persimmon PLC (LSE:PSN), Taylor Wimpey PLC (LSE:TW.) and Vistry Group PLC (LSE:VTY) – and privately owned Bloor Homes following a competition probe into concerns that companies were colluding.
PSMMY or NVR: Which Is the Better Value Stock Right Now?
Investors looking for stocks in the Building Products - Home Builders sector might want to consider either Persimmon Plc (PSMMY) or NVR (NVR). But which of these two stocks presents investors with the better value opportunity right now?
Persimmon: Plenty in the tank despite worries over the housing marker, says American bank
JP Morgan has reiterated its positive stance on Persimmon PLC (LSE:PSN), calling the housebuilder's mid-term targets "a significant source of earnings and valuation upside". The shares are rated 'overweight' with a price target of 1,520p, implying plenty of headroom from their current level.
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.
