Persimmon PLC is a UK-based housebuilding company listed on the London Stock Exchange under the ticker symbol PSN. As of September 2021, Persimmon PLC was a constituent of the FTSE 100 index, an index of the 100 largest companies listed on the London Stock Exchange by market capitalization. Persimmon Share Price as of this post is 1,229.66 GBp.
The stock price of Persimmon PLC can be affected by a variety of factors, including the performance of the UK housing market, interest rates, government policies related to housing and construction, and the overall health of the global economy.
Persimmon PLC is a British housebuilding company founded in 1972 by Duncan Davidson. The company was initially called Persimmon Homes and was focused on building homes in the north of England.
Over the years, Persimmon Homes grew through organic growth and acquisitions. In 1995, the company merged with the Scottish company Hillreed Homes. Later, it expanded its operations to Scotland and the south of England. Persimmon Homes acquired Beazer Homes, a US-based homebuilder, in 2001. This gave it a foothold in the US market.
In 2007, Persimmon Homes have renamed Persimmon PLC and became a public company on the London Stock Exchange. Since then, the company has continued to grow, becoming one of the largest housebuilders in the UK, with operations throughout the country.
In recent years, Persimmon PLC has faced criticism over the quality of its homes and its treatment of customers. In 2018, the company reviewed its customer care processes in response to these concerns.
Persimmon PLC has remained a significant player in the UK housing market despite these challenges.
- Strong market position. Persimmon PLC is one of the largest housebuilders in the UK, with a market capitalization of around £9 billion. The company has a strong brand and a well-established reputation for quality homes.
- High dividend yield. Persimmon has a reputation for paying generous dividends to its shareholders. As of March 2023, the company’s dividend yield is around 8%, significantly higher than the average yield of the FTSE 100.
- Growing demand for homes. The UK housing market is currently experiencing high demand, which is expected to continue in the medium term. This could benefit Persimmon PLC by increasing demand for its homes and boosting revenue.
- Strong financial performance. Persimmon PLC has a solid financial track record, consistent revenue growth, and high profitability. In addition, the company’s net profit margin is consistently above 20%, a strong indicator of its financial health.
- Conservative financial management. Persimmon PLC has a conservative approach to financial management. It focuses on maintaining a solid balance sheet and avoiding excessive debt. This helps to mitigate financial risks and increase investor confidence.
- Barratt Developments PLC. One of the UK’s largest housebuilders, with a market capitalization of around £7 billion. Like Persimmon, Barratt Developments focuses on building high-quality homes across the UK.
- Taylor Wimpey PLC. Another large UK-based housebuilder, Taylor Wimpey, has a market capitalization of around £5 billion. The company strongly focuses on sustainability and has a reputation for building environmentally-friendly homes.
- Berkeley Group Holdings PLC. A UK-based developer of high-end homes with a market capitalization of around £4 billion. The company focuses on quality and design and often works on large-scale regeneration projects.
- Redrow PLC. A UK housebuilder with a market capitalization of around £3 billion. The company has a reputation for building homes in desirable locations and strongly focuses on customer service.
- Bellway PLC. Another UK-based housebuilder with a market capitalization of around £3 billion. The company is known for building affordable, high-quality homes and focusing on sustainability and energy efficiency.
