Persimmon stock gains as UBS starts coverage at Buy

Published on 09/16/2026 at 12:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Persimmon stock closed at 1,098.50 pence on September 15, 2026, after a 1.34 percent rise. UBS started coverage at Buy with a 1,325 pence target.

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 stock (ISIN GB0030927254) closed at 1,098.50 pence on September 15, 2026, after rising 1.34 percent on the London Stock Exchange. The latest catalyst came from UBS, which started coverage at Buy with a 1,325 pence price target, according to The Armchair Trader on September 15, 2026.

UBS sets the tone

The gap between 1,098.50 pence and 1,325 pence leaves the broker target 20.6 percent above the last close. That keeps the focus on valuation after a 1.34 percent one-day rise, not on a fresh operating update.

As ad hoc news reported on September 16, 2026, the stock headed into the open after that FTSE 100 gain, while Morningstar said Persimmon was up 4.0 percent at 1,142.50 pence in its market wrap on September 16, 2026. The two readings show a stock that is still trading close to the 1,100 pence area.

Operating backdrop stays relevant

Morningstar also said Persimmon's pretax profit rose 48 percent to GBP 363.5 million in the 52 weeks ended June 28, while revenue increased 6.6 percent to GBP 6.06 billion. Those are the latest reported figures visible in this search set and they give the rally a fundamental backdrop.

For investors, the 1,325 pence target matters because it sits above the last close by 226.5 pence, while the reported GBP 363.5 million pretax profit and GBP 6.06 billion revenue frame the current earnings base. The stock stays anchored by both the broker view and the latest annual numbers.

Stock still has room

Persimmon stock finished at 1,098.50 pence on September 15, 2026, and Morningstar put the shares at 1,142.50 pence in its September 16, 2026 market note. The price remains below UBS's 1,325 pence target.