Countryside Properties’ (CSP) “Buy” Rating Reaffirmed at Numis Securities

Numis Securities reiterated their buy rating on shares of Countryside Properties (LON:CSP) in a research note issued to investors on Thursday, Digital Look reports. They currently have a GBX 407 ($5.32) price target on the stock, down from their previous price target of GBX 410 ($5.36).

Several other research firms also recently issued reports on CSP. JPMorgan Chase & Co. reaffirmed an underweight rating on shares of Countryside Properties in a research note on Friday, March 22nd. Peel Hunt reaffirmed a buy rating on shares of Countryside Properties in a research note on Thursday. Finally, Berenberg Bank lowered their price objective on Countryside Properties from GBX 390 ($5.10) to GBX 370 ($4.83) and set a buy rating for the company in a research note on Monday, January 28th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Countryside Properties has an average rating of Buy and an average target price of GBX 389.33 ($5.09).

Shares of Countryside Properties stock traded up GBX 0.80 ($0.01) during trading on Thursday, reaching GBX 323.40 ($4.23). The company’s stock had a trading volume of 534,548 shares, compared to its average volume of 686,827. The stock has a market cap of $1.44 billion and a PE ratio of 9.92. Countryside Properties has a 52 week low of GBX 265.60 ($3.47) and a 52 week high of GBX 387 ($5.06). The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.60 and a current ratio of 2.83.

The company also recently disclosed a dividend, which will be paid on Friday, July 5th. Stockholders of record on Thursday, May 23rd will be paid a GBX 6 ($0.08) dividend. This represents a dividend yield of 1.88%. The ex-dividend date of this dividend is Thursday, May 23rd. Countryside Properties’s dividend payout ratio is currently 0.34%.

In other news, insider Rebecca J. Worthington sold 102,194 shares of the company’s stock in a transaction that occurred on Monday, February 18th. The stock was sold at an average price of GBX 303 ($3.96), for a total value of £309,647.82 ($404,609.72).

Countryside Properties Company Profile

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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