The company Persimmonhas an important growth potential.

The growth of the group represents a catalyst for further rises in prices. Indeed, expectations for coming years shows an increase in revenues and earnings. In addition, analysts revised upwards their forecasts on EPS and Sales over the last 4 months.

Technically, the stock trades close to its short term level at GBp 1859 that constitutes a support for the midterm and long term positive trend. This level, already tested in the past should help for a technical rebound.

According to fundamental and technical analysis, timing seems suitable for buying Persimmon's shares close to its support level at GBp 1859. The bullish target could be set on the GBp 2011 short term resistance with a stop-loss order under the midterm support.