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Davy Research

Persimmon plc

Good trading seen in autumn

Nov 7 2019, 07:50 GMT
Colin Sheridan CFA
Company Report
5 page(s)

Sectors : Construction and Housebuilding

Companies : Persimmon plc

Ratings and price correct at time of issue.

Persimmon plc

Closing Price: 2276p
RATING 10/09/13
UNDERPERFORM
PREVIOUS RATING 21/05/13

UNDER REVIEW

Person's Name

Colin Sheridan CFA

Analyst

DAVY VIEW

Sales rates appear to have recovered well in the autumn selling season at Persimmon. Demand is resilient and the company seems to be set for a return to volume growth in 2020. Improvements in customer satisfaction are a welcome development, and it is likely that Persimmon will regain its 4-star HBF rating.

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Nov 7 2019, 07:50 GMT