The share price of Persimmon, a construction company, has been on the rise in recent years. The company has seen strong growth in both its revenues and profits, and this has led to investors bidding up the stock. The company’s share price is now at an all-time high, and there are no signs that this growth is going to slow down anytime soon.
Persimmon’s share price has been on a roller coaster ride over the past year. The stock peaked at over £30 in May 2018, but then fell sharply after the company issued a profit warning in September. Since then, the share price has recovered somewhat, but is still well below its 2018 high.
What’s behind Persimmon’s share price movements? And what does the future hold for the company?
In May 2018, Persimmon issued a bullish trading update, reporting that it had made “good progress” in the first half of the year and was on track to meet its full-year targets.
This sent the stock soaring to new highs.
However, just four months later, Persimmon issued a shock profit warning, blaming Brexit uncertainty for hitting consumer confidence and delaying some home sales. The shares plunged by 30% on the news.
Since then, Persimmon’s share price has recovered somewhat as Brexit uncertainty has eased and the housing market has remained relatively strong. However, with UK economic growth expected to slow in 2019, it remains to be seen how long this recovery can last.
Taylor Wimpey Share Price
It’s been a difficult few years for Taylor Wimpey (LSE: TW). The British housebuilder has seen its share price fall by around 60% since the summer of 2015, when concerns first started to be raised about the health of the UK housing market.
Investors have been concerned about a number of factors, including the potential for interest rate rises, stricter lending criteria from banks and an oversupply of new homes coming onto the market.
These concerns have weighed heavily on Taylor Wimpey’s share price, but there are signs that things could be improving. In its latest trading update, released earlier this week, the company reported that it had delivered “a strong operational performance” in 2018.
Credit: capital.com
What is the Persimmon Share Price
How Has the Persimmon Share Price Changed Over Time
It has been on a steady incline for the past decade.
Why Might the Persimmon Share Price Change in the Future
The persimmon share price might change in the future for a variety of reasons. The company could release new products or services that investors believe will be successful, leading to an increase in the stock price. Alternatively, if the company releases disappointing earnings results or faces other negative news, the stock price could drop.
In addition, changes in the overall market or economic conditions could impact the persimmon share price. For example, if there is a recession, investors may become more risk-averse and sell stocks like persimmon that are considered to be more volatile.
Persimmon Share Price Forecast – Persimmon Share Price Projection and Analysis
Conclusion
The persimmon share price is up today after the release of strong earnings results. The company reported better-than-expected revenue and profit for the quarter, driven by strong growth in its online sales. Persimmon shares are up 4% in early trading.
