Persimmon plc

Strong trading seen since half-year; return to dividend payments

  • Sectors : Construction and Housebuilding
  • Companies : Persimmon plc

Ratings and price correct at time of issue.

  • Persimmon plc

    Closing Price: 2613p

  • RATING 17/08/20

  • PREVIOUS RATING 10/09/13

    UNDERPERFORM

DAVY VIEW

Results from Persimmon suggest to us that our forecasts are where they need to be. The trend in trading continues to be stronger than expectations, with sales rates +49% year-on-year since July. The restarting of shareholder returns is an important signal for shareholders, and we expect this to accelerate in the coming months for both Persimmon and across the sector.

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Aug 18 2020, 07:45 IST/BST

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