Persimmon

UK housebuilders' stock market valuations are lower now than at the start of the year, though trading conditions are "more robust", analysts at broker Jefferies reckon.  They noted that shares are on average now trading below the net tangible asset value (P/NTAV) were back to below pre-election levels, even though earnings per share forecasts are more than 10% higher.» Mehr auf proactiveinvestors.co.uk

Persimmon PLC (LSE:PSN) comments about rising costs yesterday have not persuaded US bank Jefferies to change any of its estimates but it did trim its price target to ‘derisk its margin forecast for 2025'. National Insurance hikes have an impact on the housebuilder's workforce and lower-margin mix of deliveries, but Jefferies says it is happy to be ahead of forecasts on both completions and margin for the next few years.» Mehr auf proactiveinvestors.co.uk

Persimmon PLC (LSE:PSN) said it continues to see a steady recovery in housing demand with orders up 17% but costs are rising again with the Budget to add to the problem. “We are seeking to mitigate the impact of these cost increases through robust commercial controls and other management actions,” it said.» Mehr auf proactiveinvestors.co.uk