Jefferies reaffirms Buy rating and sets target for Persimmon stock

Published on 10/22/2026 at 13:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jefferies set a GBp 1,590 target on October 21, 2026. Persimmon stock costs EUR 15.02 on October 22, 2026 with GBP 1.73 billion revenue.

Analyst action and company milestones

Jefferies reaffirmed its Buy rating and set a GBp 1,590 target on October 21, 2026.
Persimmon reported GBP 1.73 billion of group revenue for the six months ended June 30, 2026.
Persimmon stock traded at EUR 15.02 at 12:57 p.m. CEST at Lang & Schwarz on October 22, 2026.
Persimmon's next trading update is scheduled for November 12, 2026.

Reihe britischer Backstein-Neubauhäuser in ruhiger Wohnsiedlung unter bewölktem Himmel — Fotorealistische britische Neubau-Siedlung zeigt Persimmon plc GB0030927254 im Wohnungsbau-Sektor mit typischen Backsteinhäusern, Illustration mit AI erstellt.

Persimmon (ISIN GB0006825383) traded at EUR 15.02 at Lang & Schwarz on October 22, 2026 at 12:57 p.m. CEST. The latest analyst signal came from Jefferies, which reaffirmed its Buy rating and set a GBp 1,590 price target on October 21, 2026, according to MarketBeat.

Jefferies keeps the target at GBp 1,590

The Jefferies call adds a constructive counterweight to the operating questions facing the housebuilder. The target is stated in GBp, the LSE quotation unit, while the German market indication remains in euros. MarketBeat also reported that nine analysts rated Persimmon Buy and one rated it Hold on October 21, 2026.

Persimmon's latest reported operating picture comes from its half-year results for the six months ended June 30, 2026. The company reported GBP 1.73 billion of group total revenue, 5,189 new homes sold and GBP 168.0 million of profit before tax, according to Persimmon.

What does 5,189 homes mean for margin?

The volume recovery has not yet translated into stronger housing economics. Sanctuary Consulting reported that first-half completions rose 13 percent to 5,189 and underlying operating profit increased 10 percent to GBP 189.1 million, while housing operating margin fell from 13.1 percent to 12.8 percent on October 15, 2026. That comparison makes margin the key test for the next phase of growth, rather than completions alone.

Three dates define the next steps

The recent chronology runs from Persimmon's annual financial report on March 23, 2026, which showed GBP 3.75 billion of 2025 revenue, to the half-year results on August 6, 2026, with GBP 1.73 billion of first-half revenue, and then Jefferies' GBp 1,590 target on October 21, 2026. Each step adds a different measure of the investment case: historical scale, current delivery and external valuation.

Dividend and trading update dates

Persimmon's interim dividend of 20p per share is scheduled for payment on November 6, 2026. The next company trading update is listed for November 12, 2026, according to Persimmon.

Stock indication in euros

The combination of stronger delivery and a lower 12.8 percent housing margin leaves execution as the central issue for the next update. Jefferies' GBp 1,590 target shows that the analyst case still rests on a recovery in earnings quality as well as on higher volumes. Persimmon was trading at EUR 15.02 at Lang & Schwarz on October 22, 2026 at 12:57 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Persimmon stock.