August 18, 2015 / 8:35 AM / in 2 years

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

** 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 (aashika.jain@thomsonreuters.com)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below