Persimmon Plc Reports Strong Start to 2025 with Increased Sales and Expansion

Persimmon ( (GB:PSN) ) has shared an update.

Persimmon Plc has reported a strong start to 2025, with a 17% increase in private forward sales, improved sales rates, and a rise in average selling prices. The company has expanded its network of outlets and continues to invest in new land, achieving significant planning success. Despite geopolitical uncertainties, Persimmon remains on track to deliver growth in home completions, with expectations to complete between 11,000 and 11,500 homes by the end of the year. The company has launched a new scheme, ‘New Build Boost,’ to assist customers with affordability challenges, and maintains a positive outlook due to strong market fundamentals and government planning reforms.

Spark’s Take on GB:PSN Stock

According to Spark, TipRanks’ AI Analyst, GB:PSN is a Outperform.

Persimmon presents a strong financial position with notable revenue recovery and no debt, contributing to a solid financial foundation. The technical indicators suggest mixed momentum, while valuation metrics provide a reasonable investment perspective. Positive corporate events further bolster the outlook, though operational efficiency and cash flow management remain areas for improvement.

To see Spark’s full report on GB:PSN stock, click here.

More about Persimmon

Persimmon Plc operates in the construction industry, primarily focusing on residential housing development. The company is known for building a wide range of homes across the UK, catering to both private buyers and housing associations.

YTD Price Performance: 6.68%

Average Trading Volume: 2,026,701

Technical Sentiment Signal: Buy

Current Market Cap: £4.09B

See more data about PSN stock on TipRanks’ Stock Analysis page.