Persimmon
PSN: 1,690.54 -49.00 (▼2.86%)
| Bid Price | 1,667.00 | High Price | 1,714.00 |
|---|---|---|---|
| Ask Price | 1,669.00 | Low Price | 1,666.00 |
| Open Price | 1,712.00 | Spread | 0.12% |
| Prev Close | 1,667.00 | Volume | 1,310,342.00 |
Persimmon Share Price Chart
Intraday
Historic – 1 year
Persimmon Share Price Information
| Name | Persimmon | Epic | PSN |
|---|---|---|---|
| Sector | Household Goods & Home Construction | ISIN | GB0006825383 |
| Activites | The UK’s leading housebuilder. | Security Type | Equity |
Key numbers
| Latest Share Price (p) | 1,667.00 | Net Gearing (%) | 20.82 |
|---|---|---|---|
| Market Cap (£m) | 5,356.75 | Gross Gearing (%) | 35.74 |
| Shares in issue (m) | 308.39 | Debt Ratio | 15.06 |
| P/E Ratio | 10.20 | Debt-to-Equity Ratio | 0.32 |
| Divs per share (p) | 0.00 | Assets / Equity Ratio | 1.56 |
| Dividend Yield (%) | 0.00 | Price to book value | 2.18 |
| Dividend Cover | 0.00 | SROCE (%) | 21.77 |
| Earning per share (p) | 170.30 | EPS Growth (%) | 39.82 |
| 52-week high / low (p) | 2,255.00 / 1,170.00 | DPS Growth (%) |
Persimmon Broker Views
| Date | Broker | Rec. | Price | Old target price | New target price | Notes |
|---|---|---|---|---|---|---|
| 06 Dec | Canaccord Genuity | Buy | 1,690.54 | 1970.00 | 1970.00 | Reiterates |
| 07 Nov | Deutsche Bank | Hold | 1,690.54 | Reiterates | ||
| 07 Nov | Citigroup | Neutral | 1,690.54 | 1797.00 | Reiterates | |
| 04 Nov | Canaccord Genuity | Buy | 1,690.54 | 1970.00 | 1970.00 | Reiterates |
| 03 Nov | Beaufort Securities | Buy | 1,690.54 | Retains |
Persimmon Director Deals
Persimmon Company News
Broker Forecast – Citigroup issues a broker note on Persimmon PLC
Citigroup today reaffirms its neutral investment rating on Persimmon PLC (LON:PSN) and set its price target at 1797p.
Story provided by StockMarketWire.com
Broker Forecast – Deutsche Bank issues a broker note on Persimmon PLC
Deutsche Bank today reaffirms its hold investment rating on Persimmon PLC (LON:PSN) and raised its price target to 2096p (from 2092p).
Story provided by StockMarketWire.com
FTSE slides on lower oil prices
A 3% crash in oil prices hit giant Royal Dutch Shell (RDSB), which slumped 2.7% to £21.39. The blue chip index slid 1% lower to 6,845.
Financial stocks also suffered with Standard Chartered (STAN) down 3.8%, while Royal Bank of Scotland (RBS) and Barclays (BARC) declined by 2% on banking concerns in Europe.
Gold rallied 1.4% to $1,304 per ounce and copper declined 0.4% to $4,872 per tonne.
FTSE 100 RISERS AND FALLERS
High street retailer Next (NXT) trimmed its full year guidance for sales growth from -2.5% to 2.5% to -1.75% to 1.25%.
Shares in housebuilder Persimmon (PSN) nudged higher on reports its private sales were up 19% year-on-year in the period since 23 August, which suggested a limited impact from the Brexit vote.
Emerging markets focused bank Standard Chartered (STAN) remained under pressure following yesterday’s weak update and revelations of an investigation into an IPO it handled in Hong Kong.
FTSE 250 RISERS AND FALLERS
Pharmaceutical company Indivior (INDV) raised its full-year guidance to reflect faster market growth in the US, increasing net revenue from $1,000m to $1,030m to $1,060m to $1,075m.
Security firm G4S (GFS) delivered good news as the company’s organic growth and productivity programmes produced double-digit growth in earnings and operating cash flow.
Cheap pub chain JD Wetherspoon (JDW) reported slowing growth in recent weeks and said it anticipates higher costs in the rest of its financial year. The company previously shrugged off any impact from the Brexit vote.
Corrugated packaging firm Smurfit Kappa (SKG) pleased investors as its third quarter exceeded expectations and the firm reduced its borrowings.
SMALL CAP RISERS AND FALLERS
Shares in Legendary Investments (LEG) soared 57.7% to 0.33p after government owned joint-venture NHS SBS partnered with Virtualstock for the provision of its technology to improve efficiencies and reduce costs in NHS procurement.
Victoria Oil & Gas (VOG) said its subsidiary announced the spudding of development wells La-107 and La-108 in the Logbaba gas field in Douala, Cameroon.
Medical technology firm LivaNova (LIVN) narrowed its range for earnings per share guidance for the full year, causing the stock to trade 15.2% lower.
Miner BlueRock Diamonds (BRD) raised £750,000 via a shares placing, which will be used to target production levels of 30,000t per month at a reduced cost.
Potash producer Sirius Minerals (SXX) said it will sell discounted shares to raise £0.98bn to bring its Yorkshire potash mine into production.
Investment company Pires Investments (PIRI) raised £525,000 through a share placing, which will be used for working capital and investments.
Investors jumped ship after life sciences group Abzena (ABZA) announced that Gilead would no longer pursue the further development of its prospective product simtuzumab.
Food producer Kerry Group (KYGA) traded 4.4% higher on solid third quarter numbers, which saw full year guidance reiterated.
Global nutrition business Glanbia (GLB) revealed a positive third quarter update as its full year outlook signalled earnings and margin improvement compared to 2015.
Natural gas explorer Sound Energy (SOU) gained 6.3% to 84.2p on better than expected rates of production from a flow test on its TE-7 well on the Tendrara licence in Morocco.
Gold miner Caledonia Mining (CMCL) warned earnings will fall short of expectations due to currency movements and a big increase in its share price which ‘resulted in an increase in share-based expenses’.
The market responded warmly to retail logistics specialist Clipper’s (CLG) click and collect services joint venture with department store John Lewis.
Embattled retailer GAME Digital (GMD) was in negative territory after Deloitte resigned as auditor, leaving the bean counters at BDO waiting in the wings.
Story provided by StockMarketWire.com
FTSE 100 lower on Trump turnaround
The FTSE 100 slumped 0.4% to 6,888 due to weak Asian and US markets, as presidential candidate Donald Trump’s chances of winning appear to have increased.
Standard Chartered (STAN) was the biggest blue chip faller with a 5% drop, while Royal Bank of Scotland (RBS) and Barclays (BARC) suffered smaller falls of over 1.3%.
West Texas Intermediate (WTI) crude oil slid 1.7% lower to $45.88 and Brent crude oil declined 1.6% to $47.36 per barrel, respectively.
Gold glittered at $1,296 per ounce while copper cheapened 0.6% to $4,872 per tonne.
Annual house price growth slowed from 5.3% in September to 4.6% in October according to Nationwide.
Housing activity drove construction higher in October, as the PMI slid higher from 52.3 to 52.6 according to Markit.
The British Retail Consortium (BRC) said overall shop prices reported deflation of 1.7% in October from a 1.8% decline in September.
FTSE 100 RISERS AND FALLERS
High street retailer Next (NXT) put its best foot forward after it trimmed its full year guidance for sales growth from -2.5% to 2.5% to -1.75% to 1.25%.
Shares in housebuilder Persimmon (PSN) nudged higher on reports its private sales were up 19% year-on-year in the period since 23 August, which suggested a limited impact from the Brexit vote.
Emerging markets focused bank Standard Chartered (STAN) remained under pressure following yesterday’s weak update and revelations of an investigation into an IPO it handled in Hong Kong.
FTSE 250 RISERS AND FALLERS
Security firm G4S (GFS) delivered good news as the company’s organic growth and productivity programmes produced double-digit growth in earnings and operating cash flow.
Cheap pub chain JD Wetherspoon (JDW) reported slowing growth in recent weeks and said it anticipates higher costs in the rest of its financial year. The company previously shrugged off any impact from the Brexit vote.
Corrugated packaging firm Smurfit Kappa (SKG) pleased investors as its third quarter exceeded expectations and the firm reduced its borrowings.
SMALL CAP RISERS AND FALLERS
Potash producer Sirius Minerals (SXX) said it will sell discounted shares to raise £0.98bn to bring its Yorkshire potash mine into production.
Investing company Pires Investments (PIRI) raised £525,000 through a shares placing, which will be used for working capital and investments.
Investors jumped ship after life sciences group Abzena (ABZA) announced that Gilead would no longer pursue the further development of simtuzumab.
Food producer Kerry Group (KYGA) traded 3.4% higher on solid third quarter numbers, which saw full year guidance reiterated.
Global nutrition business Glanbia (GLB) revealed a positive third quarter update as its full year outlook signalled earnings and margin improvement compared to 2015.
Natural gas explorer Sound Energy (SOU) gained 3.1% to 81.75p on better than expected rates of production from a flow test on its TE-7 well on the Tendrara licence in Morocco.
Gold miner Caledonia Mining (CMCL) warned earnings will fall short of expectations due to currency movements and a big increase in its share price which ‘resulted in an increase in share-based expenses’.
The market responded warmly to retail logistics specialist Clipper’s (CLG) click and collect services joint venture with department store John Lewis.
Embattled retailer GAME Digital (GMD) was in negative territory after Deloitte resigned as auditor, leaving the bean counters at BDO waiting in the wings.
Story provided by StockMarketWire.com
FTSE falls on miners, financials ahead of Fed call
London stocks opened southbound with miners and financials leading the blue-chip ladder lower as the market — already cautious about Brexit and the US elections — waits for the US Federal Reserve’s rates call tonight.
Soon after the open, FTSE 100 was down 30.86 points, or 0.45%, to 6886.28, while FTSE 250 was down 75.15, or 0.43%, to 17,448.2. Tomorrow, Bank of England will issue its latest interest-rate decision.
At 8.38am, WTI crude was down 1.2% to $46.11/bbl and Brent was down 1.08% to $47.62/bbl, both on inventory concerns. Gold rose 0.72% to $1297.3/oz.
Glencore (GLEN) guided metals burrowers south with a tumble of 2.35% to 240.65p, with Antofagasta (ANTO) shedding 1.9% to 542.5p and BHP Billiton (BLT) losing 1.78% to 1201.25p. More followed. Meantime, as crude fell, Shell (RDSA) weakened and BP (BP.) rose.
Asia-focused bank Standard Chartered (STAN) guided the pack with a 3.56% slide to 649.35p, and was chased by Barclays (BARC), off 1.53% to 183.85p, and Royal Bank of Scotland (RBS), down 1.18% to 184.4p, and HSBC (HSBA), lower 1.22% to 605.5p.
Insurers, supermarkets, leisure and house builders figured among the roughly 73 blue chips retreating. Commercial property was mixed, while multiple pharmas tiptoed lower.
Next (NXT), up 2.1% to 4911p, said its Q3 fell 3.5% and its year-to-date sales dropped 1.5%, but the company has maintained its central profit forecast at £805m. “We have narrowed our sales guidance to -1.75% to +1.25%, this compares to our previous range of -2.5% to +2.5%.”
Persimmon (PSN), up 1.81% to 1768p, said trading over the summer weeks immediately following the UK’s non-binding referendum to quit the EU was encouraging, with the number of customers visiting our sites remaining well ahead of last year.
BIGGER MOVERS
Pires Investments (PIRI), down 13.33% to 3.25p, said broker Peterhouse Corporate Finance Ltd has raised £525,000 gross for the company via the issue of 17.5m new shares at a placing price of 3p each.
Coal of Africa Ltd (CZA), up 11.56% to 3.62p, has welcomed a South African minister’s decision to dismiss an appeal against the environmental authorisation amendment for the Makhado project in the Limpopo Province.
Abzena (ABZA), down 12.66% to 34.5p, notes Gilead Sciences Inc has stated that no further development of simtuzumab will be pursued. In addition, GS-5745 will not be progressed further for Crohns Disease.
LONDON HIGHLIGHTS
JD Wetherspoon (JDW), down 4.48% to 848.25p, said its like-for-like sales for the 13 weeks to Oct. 23 rose 3.5% and total sales gained 2.3%. The level of LFL sales eased 2.3% in the last five weeks of the period.
Allergy Therapeutics (AGY), up 4.49% to 23.25p, said the European Patent Office has granted a broad technology patent relating to its Microcrystalline Tyrosine depot adjuvant manufacturing process.
Glanbia (GLB), up 3.6% to 14.66p, is reiterating its FY guidance of 8-10% growth in adjusted earnings per share at constant currencies following a good performance in the first nine months.
Avacta (AVCT), up 3.28% to 94.5p, has announced a research collaboration with Memorial Sloan Kettering Cancer Center (MSK) to evaluate the use of Avacta’s Affimer technology in novel CAR-T cell-based immunotherapy.
Kromek (KMK), up 2.78% to 27.75p, has been awarded new contracts worth a total of about $1.15m by three of its current OEM customers, who are worldwide producers and exporters of bone mineral density diagnostics systems, to supply its CZT-based detector modules.
Genel Energy (GENL), down 2.52% to 77.25p, has noted an announcement from DNO ASA, as operator of the Tawke field, that the Tawke field partners have received a payment of $31.33m from the Kurdistan Regional Government for oil sales during August 2016.
Smurfit Kappa (SKG), up 2.95% to 1812p, has lifted its 9-month pretax profit by 22% to €499m, from €408m. Revenue was €6.1bn, from €6.02bn. It said it was on track to deliver record FY EBITDA, in line with market views.
BATM Advanced Communications (BVC), up 2.48% to 15.5p, has been awarded a contract to provide a managed MPLS solution by a major provider of high-speed network and ICT services to education and research facilities in Australia.
Other stocks in the news included Victoria Oil & Gas (VOG), Clipper (CLG), Vast Resources (VAST), Abcam (ABC), Compagnie de Saint-Gobain (COD), 4imprint (FOUR), RM2 Int’l (RM2), OneSavings Bank (OSB), Millennium & Copthorne (MLC), Just Eat (JE.) and Anglo Pacific (APF).
Story provided by StockMarketWire.com
