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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 2,590.00p
Change Today:
-81.00p
Market Cap:
8,264m
Sector:
Household Goods & Home Construction

JPM upgrades Redrow, downgrades Berkeley

By Michele Maatouk

Date: Tuesday 15 Dec 2020

LONDON (ShareCast) - (Sharecast News) - JPMorgan Cazenove upgraded Redrow and downgraded Berkeley on Tuesday as it took a look at the UK housebuilding sector and became more positive on the outlook.
The bank noted the sector has been a Covid-19 loser this year, underperforming the market by eight percentage points due to lockdown-linked stoppages and continued uncertainty on Brexit, partly offset by government support in the form of a furlough scheme and stamp duty holiday.

"We take an increasingly positive stance on the sector's outlook as the concerns into next year are well flagged and shift the skew of our preference from quality to value as we see an improved risk-reward," it said.

JPM said it continues to view the structural backdrop as positive, supported by an undersupplied market and affordability levels consistent with the long-term average.

"While the quality names outperformed on a year-to-date basis, the value trade since October had its effect within the sector as well," it said. "Heading into 2021, we are now shifting the skew of our recommendations toward value after strong outperformance of the quality names in 2020."

JPM upgraded Redrow to 'overweight' from 'neutral' and lifted the price target to 600p from 520p, saying it sees the stock as the near-term pick for the 'value trade'.

The bank downgraded Berkeley to 'neutral' from 'overweight' and cut the price target to 4,900p from 5,200p. It stuck with 'overweight' rated Persimmon as its 'medium-term pick' and maintained its 'underweight' stance on Crest Nicholson.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Persimmon Market Data

Currency UK Pounds
Price 2,590.00p
Change Today -81.00p
52 Week High 2,972.00p
52 Week Low 1,534.50p
Volume 1,348,958
Shares Issued 319.08m
Market Cap 8,264m
Beta 0.03

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
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sector
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Price Trend
market
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sector
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Income
market
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sector
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Growth
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sector
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Price Chg 6m
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sector
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P/E
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  5. empty market
sector
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  5. empty sector
PEG
market
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sector
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Dividend Yield
Not Available
EPS Growth
market
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  3. empty market
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  5. empty market
sector
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  5. empty sector
Operating Margin
market
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  5. empty market
sector
  1. full sector star
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  4. full sector star
  5. full sector star

What The Brokers Say

Strong Buy 15
Buy 0
Neutral 3
Sell 0
Strong Sell 0
Total 18
strong_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
  2nd Interim Interim
Ex-Div 26-Nov-20 27-Aug-20
Paid 14-Dec-20 14-Sep-20
Amount 70.00p 40.00p

Trades for 26-Feb-2021

Time Volume / Share Price
16:41 55,831 @ 2,607.11p
16:35 627,588 @ 2,590.00p
16:29 29 @ 2,581.00p
16:29 48 @ 2,583.00p
16:29 125 @ 2,583.00p

Persimmon Key Personnel

Chair Roger Devlin