Streetbeat News

PSMMY

Persimmon plc

https://www.persimmonhomes.com/

CEO

Jeffrey Fairburn

Open

35.02

Mkt cap

5.6B

Volume

100

High

35.02

P/E Ratio

17.00

52-wk high

45.60

Low

35.02

Div yield

0.03

52-wk low

27.84

Jefferies has trimmed its price target for Persimmon PLC due to rising costs and National Insurance hikes affecting the company's workforce and delivery margins. However, Jefferies remains optimistic about Persimmon's future completions and margins.

Portfolio Pulse from

November 07, 2024 | 1:00 pm

Persimmon PLC reports a 17% increase in housing demand but faces rising costs, which may be exacerbated by the Budget. The company plans to mitigate these costs through commercial controls and management actions.

Portfolio Pulse from

November 06, 2024 | 8:30 am

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