J P Morgan Chase & Co Increases Countryside Properties (CSP) Price Target to GBX 375

Countryside Properties (LON:CSP) had its price target raised by analysts at J P Morgan Chase & Co from GBX 335 ($4.51) to GBX 375 ($5.05) in a research report issued to clients and investors on Thursday. The brokerage presently has a “neutral” rating on the stock. J P Morgan Chase & Co’s price objective points to a potential upside of 9.62% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Numis Securities reiterated an “add” rating and issued a GBX 373 ($5.02) target price on shares of Countryside Properties in a research note on Wednesday, November 22nd. Peel Hunt reiterated a “buy” rating and issued a GBX 420 ($5.65) target price on shares of Countryside Properties in a research note on Wednesday, November 22nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 371.40 ($5.00).

Shares of Countryside Properties (LON:CSP) opened at GBX 342.10 ($4.60) on Thursday. Countryside Properties has a twelve month low of GBX 219.92 ($2.96) and a twelve month high of GBX 372.80 ($5.02).

Countryside Properties (LON:CSP) last posted its earnings results on Wednesday, November 22nd. The company reported GBX 27.80 ($0.37) earnings per share (EPS) for the quarter, beating the 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.

In other Countryside Properties news, insider David Howell bought 30,000 shares of Countryside Properties stock in a transaction dated Monday, October 9th. The stock was acquired at an average cost of GBX 349 ($4.70) per share, for a total transaction of £104,700 ($140,915.21).

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About Countryside Properties

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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