PSMMF
Persimmon Plc·Consumer Cyclical
15.26
0.000%(+0.00)
Close PriceLast Updated: — ET
52W L: $13.8852W H: $18.95
Persimmon Plc·Consumer Cyclical
Persimmon PLC (LSE:PSN) shares rose 3% to 1,055p after the housebuilder's annual meeting trading update reassured investors with a 7% increase in private forward sales and an unchanged profit guidance, prompting Liberum to leave its own estimates unaltered. Panmure Liberum, which carries a 'buy' rating and 1,694p target price on the stock, said the update highlights the benefits of Persimmon's strategic positioning in the UK housing market.
Persimmon PLC (LSE:PSN), the FTSE 100 housebuilder, has warned of emerging supply chain inflation driven by the ongoing conflict in Iran, cautioning that higher energy costs are likely to weigh on second-half margins even as the group reported a solid start to 2026. In a trading update, the York-based group said there are early signs of increased inflationary pressure in its supply chain, which it attributed to higher energy costs linked to geopolitical uncertainty, with the impact expected to be felt in the second half of 2026 and into 2027.
Housebuilders are set to update the market next week, with build cost inflation expected to dominate the agenda. Trading statements from Taylor Wimpey PLC (LSE:TW.
JP Morgan says the sector is trading below its worst-ever valuation trough, with Persimmon PLC's (LSE:PSN) lower price point and self-sufficient supply chain offering the most protection. UK housebuilders have fallen around 30% since the Iran conflict began, but the US investment bank argues the selloff has gone too far and that the risk/reward balance is now skewed in favour of investors willing to look through near-term turbulence.
Persimmon Plc is my preferred UK housebuilder, offering a higher-quality, lower-risk profile amid current sector volatility. PSN's in-house supply chain and focus on affordable housing position it to benefit from Labour's ambitious 1.5 million homes target. FY25 results showed strong volume, revenue, and margin improvements, with further operating margin gains expected in FY26E and beyond.
UK housebuilder shares have fallen to valuation levels not seen since the aftermath of Liz Truss's disastrous 2022 mini-budget, as soaring gilt yields raise fresh fears about the mortgage market, according to analysts at Jefferies. The investment bank says the sector is trading at price-to-net tangible asset value (P/NTAV – a standard measure comparing a company's share price to the value of its physical assets) levels comparable to late 2022, when mortgage rates surged by 3-4 percentage points and the housing market seized up.
