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Davy Research

Persimmon plc

Guidance reiterated as Q1 meets expectations

Apr 25 2024, 08:05 IST/BST
Colin Sheridan CFA
Company Report
6 page(s)

Sectors : Construction and Housebuilding

Companies : Persimmon plc

Ratings and price correct at time of issue.

Persimmon plc

Closing Price: 1292p
RATING 17/08/20
NEUTRAL
PREVIOUS RATING 10/09/13

UNDERPERFORM

Person's Name

Colin Sheridan CFA

Analyst

DAVY VIEW

Sales rates have shown a seasonal uptick for Persimmon since the full year results, although sales rate in Q1 are still only modestly higher than last year. Volume and margin guidance for FY24 has been reiterated, and we do not expect forecast changes following the update.

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Apr 25 2024, 08:05 IST/BST