Countryside Properties (LON:CSP) Price Target Raised to GBX 525 at Deutsche Bank

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Countryside Properties (LON:CSP) had its target price raised by Deutsche Bank from GBX 415 ($5.46) to GBX 525 ($6.91) in a research report report published on Tuesday morning, Stock Target Advisor reports. Deutsche Bank currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on CSP. Peel Hunt downgraded Countryside Properties to an add rating and raised their target price for the company from GBX 410 ($5.39) to GBX 530 ($6.97) in a report on Monday. Berenberg Bank raised their target price on Countryside Properties from GBX 440 ($5.79) to GBX 590 ($7.76) and gave the company a buy rating in a report on Thursday, January 9th. Finally, Jefferies Financial Group reiterated a buy rating and issued a GBX 454 ($5.97) price target (up from GBX 422 ($5.55)) on shares of Countryside Properties in a research note on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Countryside Properties currently has a consensus rating of Buy and a consensus price target of GBX 480.17 ($6.32).

Shares of CSP stock opened at GBX 487 ($6.41) on Tuesday. The stock’s fifty day moving average price is GBX 447.97 and its two-hundred day moving average price is GBX 351.62. The company has a market cap of $2.19 billion and a PE ratio of 13.06. Countryside Properties has a fifty-two week low of GBX 275.60 ($3.63) and a fifty-two week high of GBX 477.80 ($6.29). The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 3.21.

Countryside Properties (LON:CSP) last issued its earnings results on Thursday, November 21st. The company reported GBX 40.80 ($0.54) earnings per share for the quarter, beating the Zacks’ consensus estimate of GBX 39.60 ($0.52) by GBX 1.20 ($0.02). On average, equities analysts predict that Countryside Properties will post 3259.0000551 EPS for the current fiscal year.

The company also recently declared a dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, December 19th will be paid a GBX 10.30 ($0.14) dividend. This represents a dividend yield of 2.77%. This is a boost from Countryside Properties’s previous dividend of $6.00. The ex-dividend date is Thursday, December 19th. Countryside Properties’s dividend payout ratio is presently 0.43%.

In other news, insider Ian Sutcliffe sold 34,429 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of GBX 468 ($6.16), for a total value of £161,127.72 ($211,954.38).

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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