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Prices & Quotes - UK Markets - Persimmon (PSN)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 3,152.00p
Change Today:
-4.00p
Market Cap:
10,058m
Sector:
Household Goods & Home Construction

Canaccord slightly raises target price on Persimmon ahead of update

By Iain Gilbert

Date: Friday 06 Nov 2020

LONDON (ShareCast) - (Sharecast News) - Analysts at Canaccord Genuity nudged up their target price on homebuilder Persimmon from 2,930.0p to 2,940.0p on Friday, stating it expects an "impressive" second-half recovery.
Canaccord noted that at the time of Persimmon's interim results, it had highlighted that it saw upside risk to its amended 2020 forecasts.

However, with the construction industry set to continue to operate through the current lockdown and the group having "positioned itself well" to deliver a strong second-half recovery, it opted to increase its 2020 full-year forecasts ahead of the firm's trading update next week.

"We expect the update to be positive and confirm a very good recovery in H2 completions at good margins," said the analysts, who pointed to "an impressive restart" following the UK's first lockdown.

Given recent industry trends and Persimmon's "strong" position, Canaccord now expects an "impressive" first-half profit performance, mirroring management hints that it could even be the group's "strongest" second-half performance in its history.

"There is clearly ongoing macro risk into 2021 but we believe the group continues to have one of the best balance sheets to absorb any macro shock relatively well and the extension of the furlough scheme arguably mitigates near-term macro risk," said Canaccord, which also reiterated its 'buy' rating on the stock.

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Persimmon Market Data

Currency UK Pounds
Price 3,152.00p
Change Today -4.00p
52 Week High 3,210.00p
52 Week Low 2,049.00p
Volume 97,854
Shares Issued 319.09m
Market Cap 10,058m
Beta 0.02

Performance Indicators

Compare performance with the sector and the market.

Key
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Value
market
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Price Trend
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Income
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Growth
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Price Chg 6m
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P/E
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PEG
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Dividend Yield
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sector
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EPS Growth
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Operating Margin
market
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  5. empty market
sector
  1. full sector star
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What The Brokers Say

Strong Buy 14
Buy 1
Neutral 5
Sell 0
Strong Sell 0
Total 20
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Persimmon Dividends

  Latest Previous
  3rd Interim 2nd Interim
Ex-Div 11-Mar-21 26-Nov-20
Paid 26-Mar-21 14-Dec-20
Amount 125.00p 70.00p

Trades for 23-Apr-2021

Time Volume / Share Price
12:29 5 @ 3,152.00p
12:29 76 @ 3,152.00p
12:29 31 @ 3,153.00p
12:29 100 @ 3,153.00p
12:29 59 @ 3,153.00p

Persimmon Key Personnel

Chair Roger Devlin