Countryside Properties PLC (LON:CSP) Receives Average Rating of “Buy” from Analysts

Shares of Countryside Properties PLC (LON:CSP) have earned a consensus rating of “Buy” from the seven research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 386.25 ($5.05).

CSP has been the topic of a number of analyst reports. Numis Securities reissued a “buy” rating and issued a GBX 407 ($5.32) price target (down previously from GBX 410 ($5.36)) on shares of Countryside Properties in a research note on Thursday, May 16th. Peel Hunt reissued a “buy” rating on shares of Countryside Properties in a research note on Monday, July 22nd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 375 ($4.90) price target on shares of Countryside Properties in a research note on Thursday, April 18th. Shore Capital reissued a “not rated” rating on shares of Countryside Properties in a research note on Thursday, May 16th. Finally, Berenberg Bank increased their price target on Countryside Properties from GBX 370 ($4.83) to GBX 380 ($4.97) and gave the company a “buy” rating in a research note on Friday, June 28th.

Shares of CSP stock traded up GBX 1.60 ($0.02) during trading hours on Tuesday, reaching GBX 279.20 ($3.65). The company had a trading volume of 418,588 shares, compared to its average volume of 686,827. The firm’s 50 day simple moving average is GBX 294.46. The company has a debt-to-equity ratio of 6.52, a quick ratio of 0.74 and a current ratio of 3.08. The firm has a market capitalization of $1.26 billion and a price-to-earnings ratio of 8.67. Countryside Properties has a 1-year low of GBX 265.60 ($3.47) and a 1-year high of GBX 356 ($4.65).

In other Countryside Properties news, insider W Simon Townsend acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were acquired at an average price of GBX 291 ($3.80) per share, with a total value of £29,100 ($38,024.30).

About Countryside Properties

Countryside Properties PLC operates as a home builder and urban regeneration partner in the United Kingdom. It operates through two divisions, Housebuilding and Partnerships. The Housebuilding division develops large-scale sites, and provides private and affordable homes in London and the South East of England.

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Analyst Recommendations for Countryside Properties (LON:CSP)

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