Persimmon shares rise 3% as forward sales growth and profit guidance reaffirmation reassure investors

Persimmon PLC (LSE:PSN) shares rose 3% to 1,055p after the housebuilder's annual meeting trading update reassured investors with a 7% increase in private forward sales and an unchanged profit guidance, prompting Liberum to leave its own estimates unaltered. Panmure Liberum, which carries a 'buy' rating and 1,694p target price on the stock, said the update highlights the benefits of Persimmon's strategic positioning in the UK housing market.