Join our community of smart investors

Persimmon still purring

The housebuilder recently appointed a new chief executive after incumbent Jeff Fairburn was ousted over the furore surrounding his pay package
February 26, 2019

Persimmon (PSN) has come in for some criticism recently over its involvement in the government's 'Help to Buy' scheme and its executive share awards. However, the housebuilder put in another robust performance during 2018. The return on average capital employed in the year to December 2018 rose to 52.8 per cent, while average selling prices and completions were ahead slightly.

IC TIP: Hold at 2451p
This is subscriber only content
Start your trial to keep reading
PRINT AND DIGITAL trial

Get 12 weeks for £12
  • Essential access to the website and app
  • Magazine delivered every week
  • Investment ideas, tools and analysis
Have an account? Sign in