Persimmon plc

2023 ahead of estimates; weaker pricing in H2

  • Sectors : Construction and Housebuilding
  • Companies : Persimmon plc

Ratings and price correct at time of issue.

  • Persimmon plc

    Closing Price: 1392p

  • RATING 17/08/20

  • PREVIOUS RATING 10/09/13

    UNDERPERFORM

DAVY VIEW

2023 saw volumes finish ahead of the company’s guidance, leading to a c.4% beat versus consensus. Sales have increased but off a very low base, and some weaker comments on pricing might curtail exuberance in the short term.

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Jan 10 2024, 08:00 GMT

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