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.
Persimmon gets upgrade to 'buy' ahead of next week's trading update
Persimmon PLC (LSE:PSN) was one of the best of the risers as UBS upgraded to 'Buy' ahead of a trading update next week. Housebuilder shares have been under pressure recently due to worries about the impact of the rise in gilt yields on mortgage costs with Persimmon shedding 35% of its value since November.
UK housebuilding sector trading below asset value, Persimmon and Bellway tipped
UK housebuilders' stock market valuations are lower now than at the start of the year, though trading conditions are "more robust", analysts at broker Jefferies reckon. They noted that shares are on average now trading below the net tangible asset value (P/NTAV) were back to below pre-election levels, even though earnings per share forecasts are more than 10% higher.
Persimmon target trimmed by Jefferies, but US bank unfazed by cost comments
Persimmon PLC (LSE:PSN) comments about rising costs yesterday have not persuaded US bank Jefferies to change any of its estimates but it did trim its price target to ‘derisk its margin forecast for 2025'. National Insurance hikes have an impact on the housebuilder's workforce and lower-margin mix of deliveries, but Jefferies says it is happy to be ahead of forecasts on both completions and margin for the next few years.
Persimmon flags costs concern as housing demand recovers
Persimmon PLC (LSE:PSN) said it continues to see a steady recovery in housing demand with orders up 17% but costs are rising again with the Budget to add to the problem. “We are seeking to mitigate the impact of these cost increases through robust commercial controls and other management actions,” it said.
