BUZZ-Persimmon: shares pull back after hitting record high, Numis cuts

Tue Aug 18, 2015 4:35am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

** Persimmon Plc pares gains soon after touching all-time high

** Co reports strong H1 results, robust outlook

** Numis raises 2015 and 2016 pretax profit estimates on better-than-expected margin growth but slashes rating on the stock to "reduce" from "hold"

** "Whilst the company does have good income attractions and strong returns we feel superior value exists elsewhere, Numis says

** Stock top loser on the FTSE-100 Index soon after rising 1.6 pct to 2156 p earlier today. High volumes see more than half a full-day's avg traded

** Co anticipates good autumn selling season after the summer holiday period draws to a close in early Sept (