Persimmon issued a trading update for 2025, with completions and selling price exceeding guidance. Initial 2026 guidance aligns with estimates, maintaining a fair value of GBX 1,680. Management’s guidance for 2026 seems conservative, with potential upside if market conditions improve. London and Southeast markets remain challenging, favoring homebuilders like Persimmon. Investors may see rich rewards if UK Homebuilders meet targets, with Persimmon trading below prior cycle average.

Read more at Morningstar: Persimmon: Stellar Finish to 2025; Shares Remain Attractive