Countryside Properties (CSP) Receives Buy Rating from Peel Hunt

Peel Hunt restated their buy rating on shares of Countryside Properties (LON:CSP) in a research note released on Thursday morning. The brokerage currently has a GBX 420 ($5.62) target price on the stock.

Several other research firms have also weighed in on CSP. JPMorgan Chase & Co. reaffirmed a neutral rating and set a GBX 335 ($4.48) price objective on shares of Countryside Properties in a report on Monday, November 27th. Numis Securities reaffirmed an add rating and set a GBX 373 ($4.99) price objective on shares of Countryside Properties in a report on Wednesday, November 22nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Countryside Properties presently has a consensus rating of Hold and a consensus price target of GBX 371.40 ($4.97).

Countryside Properties (CSP) remained flat at $GBX 350 ($4.68) during trading hours on Thursday. The stock had a trading volume of 568,750 shares, compared to its average volume of 3,140,000. Countryside Properties has a 1-year low of GBX 219.92 ($2.94) and a 1-year high of GBX 372.80 ($4.98). The stock has a market cap of $1,580.00 and a price-to-earnings ratio of 1,346.15.

Countryside Properties (LON:CSP) last posted its quarterly earnings results on Wednesday, November 22nd. The company reported GBX 27.80 ($0.37) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 27 ($0.36) by GBX 0.80 ($0.01). Countryside Properties had a net margin of 13.71% and a return on equity of 20.47%. The firm had revenue of £845.80 million during the quarter.

The company also recently disclosed a dividend, which will be paid on Friday, February 9th. Stockholders of record on Thursday, December 21st will be issued a dividend of GBX 5 ($0.07) per share. This is a positive change from Countryside Properties’s previous dividend of $3.40. The ex-dividend date of this dividend is Thursday, December 21st. This represents a dividend yield of 1.4%.

In other news, insider David Howell acquired 30,000 shares of the company’s stock in a transaction dated Monday, October 9th. The stock was bought at an average price of GBX 349 ($4.67) per share, with a total value of £104,700 ($139,991.98).

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Countryside Properties Company Profile

Countryside Properties plc (Countryside) is a United Kingdom-based housebuilder and regeneration partner, primarily operating in London and the South East of England, and with a presence in the North West of England. Countryside operates through two divisions: Housebuilding and Partnerships. The Company’s Housebuilding division develops medium to larger-scale sites, providing private housing on private land, primarily around London and in the South East of England.

Analyst Recommendations for Countryside Properties (LON:CSP)

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