Persimmon plc

Upgrading to ‘Neutral’ following impressive response to COVID

  • Sectors : Construction and Housebuilding
  • Companies : Persimmon plc

Ratings and price correct at time of issue.

  • Persimmon plc

    Closing Price: 2534p

  • RATING 17/08/20

  • PREVIOUS RATING 10/09/13

    UNDERPERFORM

DAVY VIEW

Persimmon has driven the best operational rebound post-COVID of any builder in the sector. This has led to an upgrade to our already reasonably bullish volume outlook, which we had for the sector generally, and we upgrade the stock to ‘Neutral’.

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Aug 17 2020, 07:10 IST/BST

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