Persimmon outperforms global stocks amid Trump's tariffs, tied to UK economy, analysts rate as "buy".

From Morningstar: 2025-04-10 05:33:00

Persimmon, a UK housebuilder, is outperforming global stocks amid Trump’s tariffs. Shares have dropped since Liberation Day but less than the UK market. Housebuilders like Persimmon are tied to the UK economy and unaffected by international tariffs. Traders expect Bank of England rate cuts to improve mortgage affordability. Analysts predict Persimmon will build 11,300 homes this year, up from 10,600 in 2024.

Morningstar analysis shows Persimmon stock is undervalued, trading below fair value at £11.21. Shares are down 5.32% year to date. Analysts rate Persimmon stock as a “buy” due to its current undervaluation. Morningstar does not own any shares mentioned in the article.



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