Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Persimmon Plc    PSN   GB0006825383

PERSIMMON PLC

(PSN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Persimmon reopens sales offices, keeps Scotland shut

share with twitter share with LinkedIn share with facebook
05/14/2020 | 03:07am EDT
The spread of the coronavirus disease (COVID-19) in Durham

British housebuilder Persimmon said on Thursday it had 65% of construction work back up and running and was reopening sales offices on May 15 with social-distancing restrictions, although all of its sites in Scotland will remain closed.

Persimmon, the country's second-largest housebuilder, said it completed 1,300 homes and saw cancellation levels in line with historic trends in the eight weeks ended May 10.

Buyers and renters in England are allowed to move houses again under plans set out by the UK government to re-start the housing market, which was frozen by restrictions put in place to tackle the pandemic.

However, leaders of Wales, Scotland and Northern Ireland said they were sticking with the existing "stay-at-home" orders.

"The group's businesses in Scotland remain in shutdown, pending further guidance on a restart timetable from the Scottish government", the company said.

While people in the process of buying a house were allowed to move if "reasonably necessary" during the lockdown that was imposed in March, property viewings were halted and estate agents' offices closed to the public.

"The urgent need for new homes has not been diminished by COVID-19 and the new measures announced by the government will re-open the housing market and allow people to get moving again", Chief Executive David Jenkinson said.

The British company, which did not furlough its staff, said sales consultations would be on a pre-booked appointment basis only.

Persimmon shares were trading 1.8% lower at 2,113 pence in early trading.

(Reporting by Samantha Machado in Bengaluru; Editing by Patrick Graham and Sherry Jacob-Phillips)

Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. -6.22% 5.88 Delayed Quote.14.00%
JUST GROUP PLC 0.38% 47.98 Delayed Quote.-39.49%
PERSIMMON PLC 6.41% 2589 Delayed Quote.-9.72%
THE NEW HOME COMPANY INC. -1.53% 3.22 Delayed Quote.-29.83%
WILL GROUP, INC. -2.16% 634 End-of-day quote.-49.36%
share with twitter share with LinkedIn share with facebook
Latest news on PERSIMMON PLC
10:17aUK stocks mark worst day in two weeks on energy losses, virus fears
RE
05:13aBuilders Persimmon, Vistry point to recovery after weak first half
RE
07/06UK stocks clock best day in nearly three-weeks on stimulus hopes
RE
07/06EUROPE : China recovery hopes, upbeat data lift European shares; HSBC leads
RE
07/06PERSIMMON PLC : half-yearly sales release
07/06China rally triggers gains in European cyclical stocks
RE
06/24NATIONAL EXPRESS : Persimmon poaches Dean Finch from National Express as CEO
RE
05/14London stocks slide as recession worries grow
RE
05/14Persimmon reopens sales offices, keeps Scotland shut
RE
04/30PERSIMMON : Monthly statement on outstanding equity shares and voting rights
CO
More news
Financials
Sales 2020 2 629 M 3 316 M 3 316 M
Net income 2020 538 M 679 M 679 M
Net cash 2020 1 090 M 1 375 M 1 375 M
P/E ratio 2020 13,6x
Yield 2020 4,81%
Capitalization 7 754 M 9 754 M 9 784 M
EV / Sales 2019
EV / Sales 2020 2,54x
Nbr of Employees 5 285
Free-Float 94,9%
Chart PERSIMMON PLC
Duration : Period :
Persimmon Plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PERSIMMON PLC
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 18
Average target price 2 656,83 GBX
Last Close Price 2 433,00 GBX
Spread / Highest target 31,1%
Spread / Average Target 9,20%
Spread / Lowest Target -12,1%
EPS Revisions
Managers
NameTitle
David Jenkinson Group Chief Executive Officer & Executive Director
Roger William Devlin Chairman
Michael Hugh Killoran Group Finance Director & Executive Director
Marion Jane Sears Independent Non-Executive Director
Rachel Elizabeth Kentleton Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
PERSIMMON PLC-9.72%9 754
D.R. HORTON, INC.11.56%21 394
DAIWA HOUSE INDUSTRY CO.,LTD.-27.61%15 037
SEKISUI HOUSE, LTD.-12.00%13 030
PULTEGROUP, INC.-9.10%9 458
BERKELEY GROUP HOLDINGS PLC-12.76%6 680