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Prices & Quotes - UK Markets - Persimmon (PSN)

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Share Price:
Up 3,199.00p
Change Today:
33.00p
Market Cap:
10,208m
Sector:
Household Goods & Home Construction

JPMorgan upgrades Taylor Wimpey, downgrades Barratt

By Michele Maatouk

Date: Monday 29 Mar 2021

LONDON (ShareCast) - (Sharecast News) - JPMorgan Cazenove downgraded Barratt Developments on Monday but upgraded Taylor Wimpey as it took a look at the UK housebuilding sector.
The bank said government's continued support has helped the sector outperform the market year-to-date, with the sector up 15% versus the market up 3%.

"With good demand trends and increased near-term visibility, we raise our 2021E volumes to circa 95% of 2019's level, leading to 4% profit before tax upgrade for the sector, slightly ahead of consensus," JPM said. "With the sector still trading at 9.7x Adj. 2022E price-to-earnings (below the LT average), we remain positive and see further room for outperformance as earnings continue to grow towards 2019 levels and beyond."

JPM said it continues to like Persimmon, Redrow and Bellway, all of which are rated 'overweight'.

It upgraded shares of Taylor Wimpey to 'overweight' from 'neutral' and increased the price target to 220p from 190p, arguing that the company's earnings momentum is likely to outperform the sector, with JPM's forecasts 7% ahead of consensus despite margin expectations at the bottom end of management guidance.

JPMorgan downgraded Barratt Developments to 'neutral' from 'overweight' in light of limited upside to consensus and strong performance over the last few months, resulting in limited re-rating potential. The bank lifted its price target to 850p from 800p.

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Persimmon Market Data

Currency UK Pounds
Price 3,199.00p
Change Today 33.00p
52 Week High 3,210.00p
52 Week Low 2,049.00p
Volume 555,332
Shares Issued 319.09m
Market Cap 10,208m
Beta 0.01

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
Price Trend
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. full sector star
Growth
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
PEG
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Dividend Yield
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. full sector star
EPS Growth
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star

What The Brokers Say

Strong Buy 13
Buy 1
Neutral 5
Sell 0
Strong Sell 0
Total 19
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 07-May-2021

Time Volume / Share Price
16:35 179,944 @ 3,199.00p
16:29 89 @ 3,200.00p
16:29 11 @ 3,200.00p
16:29 1 @ 3,199.00p
16:29 11 @ 3,199.00p

Persimmon Key Personnel

Chair Roger Devlin