Persimmon Plc

PSN

GB0006825383

Homebuilding

Market Closed - London S.E. Other stock markets 16:35:24 17/07/2024 BST			5-day change	1st Jan Change
1,502 ^GBX	+0.03%		+4.09%	+8.10%

07-12	Gatehouse Investment Management Limited and The Carlyle Group Inc. (NasdaqGS:CG) acquired 82 SFR Homes from Persimmon Plc for £18.7 million.	CI
07-10	UK's Barratt expects up to 7% drop in 2025 homebuilding targets amid tough market	RE

UK homebuilder Persimmon says market conditions to remain challenging in 2024

January 10, 2024 at 07:10 am

(Reuters) - British housebuilder Persimmon said on Wednesday that the housing market conditions would remain challenging in 2024, as broader economic woes continue to fuel affordability concerns.

The FTSE midcap firm said it built 9,922 new homes in 2023, ahead of its previous forecast of 9,500 homes.

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Rashmi Aich)

Latest news about Persimmon Plc

Gatehouse Investment Management Limited and The Carlyle Group Inc. (NasdaqGS:CG) acquired 82 SFR Homes from Persimmon Plc for £18.7 million.	07-11	CI
UK's Barratt expects up to 7% drop in 2025 homebuilding targets amid tough market	07-10	RE
Europe struggles as investors eye political moves	07-08	AN
Stocks shine after Labour wins UK election	07-05	AN
Markets get boost on Labour's landslide victory	07-05	AN
UK homebuilder stocks soar after Labour Party's election win	07-05	RE
Stocks close mixed as elections take top billing	07-01	AN
FTSE 100 higher and Paris stocks jump	07-01	AN
CAC 40 outperforms; UK house prices edge higher	07-01	AN
UK Stocks-Factors to watch on June 20	06-20	RE
Crest Nicholson spurns significantly undervalued Bellway bid	06-14	AN
Europe slumps and NY mixed after Fed hold	06-13	AN
UK housebuilders bemoan lack of new election housing pledges	06-13	RE
UK Conservatives promise to build 1.6 million homes in 5 years	06-11	RE
FTSE 100 falls as US rate cut hopes take hit	06-07	AN
Bellway lifts house price outlook after strong spring season	06-07	RE
Europe gets boost ahead of ECB rate call	06-06	AN
Berenberg Hikes Persimmon PT, Maintains at Hold	06-05	MT
Berenberg raises Taylor Wimpey to 'buy'	06-05	AN
FTSE 100 set for fifth straight session of declines	05-28	RE
Persimmon Reportedly Eyes Cala	05-28	CI
London stocks open flat	05-28	RE
Monetary policy still drives investor sentiment	05-27
Persimmon Explores GBP1 Billion Bid for Cala Group	05-27	MT
Persimmon mulling offer for L&G's Cala unit - Sky News	05-27	AN

Persimmon Plc is the leading British real estate constructor. In 2022, the group sold 14,868 homes, broken down into traditional family housing (11,282; Persimmon), affordable social housing (2,694; Westbury Partnerships) and individual homes (892; Charles Church). All sales are generated in the United Kingdom.

Sector

Homebuilding

Calendar

07/08/2024 - Q2 2024 Earnings Release

Related indices

STOXX EUROPE 600 (EUR) , FTSE 100

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Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

15.01 GBP

Average target price

15.29 GBP

Spread / Average Target

+1.83%

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Company calendar

Sector Other Homebuilding

	1st Jan change	Capi.
PERSIMMON PLC	+8.10%	6.22B
DR HORTON	+5.07%	53.43B
PULTEGROUP, INC.	+19.51%	26.2B
DAIWA HOUSE INDUSTRY CO., LTD.	+0.37%	17.08B
SEKISUI HOUSE, LTD.	+23.66%	15.4B
TOLL BROTHERS, INC.	+26.64%	13.59B
SUMITOMO FORESTRY CO., LTD.	+44.66%	7.38B
TAYLOR WIMPEY PLC	+6.05%	7.2B
TAYLOR MORRISON HOME CORPORATION	+21.54%	6.91B
THE BERKELEY GROUP HOLDINGS PLC	+3.63%	6.72B

Other Homebuilding

Persimmon Plc

Equities

PSN

GB0006825383

Homebuilding

UK homebuilder Persimmon says market conditions to remain challenging in 2024

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Company Profile

Income Statement Evolution

Ratings for Persimmon Plc

Analysts' Consensus

EPS Revisions

Quarterly revenue - Rate of surprise

Sector Other Homebuilding