Countryside Properties PLC (CSP) Cut to Add at Peel Hunt
Peel Hunt downgraded shares of Countryside Properties PLC (LON:CSP) to an add rating in a research report report published on Thursday. Peel Hunt currently has GBX 395 ($5.15) price target on the stock.
Other research analysts also recently issued research reports about the stock. Numis Securities Ltd reaffirmed a buy rating and set a GBX 346 ($4.51) price objective on shares of Countryside Properties PLC in a research note on Wednesday, April 12th. Berenberg Bank reaffirmed a buy rating and set a GBX 330 ($4.30) price objective on shares of Countryside Properties PLC in a research note on Tuesday, May 16th. Barclays PLC downgraded shares of Countryside Properties PLC to an equal weight rating and upped their price objective for the company from GBX 353 ($4.60) to GBX 359 ($4.68) in a research note on Thursday, July 13th. Finally, J P Morgan Chase & Co upped their price objective on shares of Countryside Properties PLC from GBX 305 ($3.97) to GBX 335 ($4.36) and gave the company an overweight rating in a research note on Thursday, May 18th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of GBX 353 ($4.60).
Countryside Properties PLC (LON CSP) opened at 359.10 on Thursday. The firm’s 50-day moving average is GBX 347.42 and its 200 day moving average is GBX 279.49. Countryside Properties PLC has a 52 week low of GBX 215.70 and a 52 week high of GBX 362.50. The stock’s market cap is GBX 289.47 million.
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The company also recently announced a dividend, which was paid on Friday, July 7th. Stockholders of record on Thursday, June 1st were issued a dividend of GBX 3.40 ($0.04) per share. This represents a dividend yield of 1.13%. The ex-dividend date was Thursday, June 1st.
About Countryside Properties PLC
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.
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