05:13 AM EST, 11/13/2026 (MT Newswires) -- Berenberg retained Persimmon plc's (PSN.L) hold rating, with the price target up to 12.40 pounds sterling from 11.50 pounds, as analysts took note of the British housebuilder's third-quarter trading update. "While FY26 PBT growth of 3% may not appear to be the most exciting result, we think that it should be seen as impressive given the challenging market conditions that the company faced in 2026, and it clearly represents an operational outperformance versus its peer group ... Despite the impressive performance of the company over the last year, we retain our Hold rating on account of valuation, which stands at a premium to peers," according to a Friday note. The research firm expects the company to deliver profit before tax of 457 million pounds for 2026 and 461 million pounds for 2027, implying growth of 3% and 1%, respectively. Berenberg also raised its EPS forecasts for 2026 and 2027 by 1.6% and 2.5%, respectively, while trimming its 2028 estimate by 2.6%. Sales projections for 2026 were nudged higher, while those for 2027 and 2028 were reduced. "On its conference call, Persimmon stated that it welcomes the new government scheme "Your First Home", although, given the timing of its launch, we think the impact will be felt more materially from 2028 than in 2027," analysts added.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.