Countryside Properties (LON:CSP) Hits New 52-Week High at $506.00

Countryside Properties PLC (LON:CSP) shares hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 506 ($6.66) and last traded at GBX 503.25 ($6.62), with a volume of 79089 shares traded. The stock had previously closed at GBX 498.80 ($6.56).

Several brokerages have commented on CSP. Deutsche Bank lifted their price objective on shares of Countryside Properties from GBX 415 ($5.46) to GBX 525 ($6.91) and gave the company a “buy” rating in a research note on Tuesday, January 14th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 454 ($5.97) price objective (up from GBX 422 ($5.55)) on shares of Countryside Properties in a report on Friday, September 27th. Berenberg Bank increased their price objective on shares of Countryside Properties from GBX 440 ($5.79) to GBX 590 ($7.76) and gave the stock a “buy” rating in a research note on Thursday, January 9th. Finally, Peel Hunt cut shares of Countryside Properties to an “add” rating and raised their target price for the stock from GBX 410 ($5.39) to GBX 530 ($6.97) in a report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of GBX 480.17 ($6.32).

The company has a quick ratio of 0.81, a current ratio of 3.21 and a debt-to-equity ratio of 0.25. The stock has a market cap of $2.25 billion and a PE ratio of 13.54. The business has a 50 day moving average price of GBX 462.12 and a 200 day moving average price of GBX 358.75.

Countryside Properties (LON:CSP) last announced its quarterly earnings results on Thursday, November 21st. The company reported GBX 40.80 ($0.54) earnings per share for the quarter, beating the consensus estimate of GBX 39.60 ($0.52) by GBX 1.20 ($0.02). On average, research analysts predict that Countryside Properties PLC will post 3259.0000487 earnings per share for the current fiscal year.

The business also recently disclosed a dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, December 19th will be given a GBX 10.30 ($0.14) dividend. This represents a yield of 2.77%. The ex-dividend date of this dividend is Thursday, December 19th. This is a positive change from Countryside Properties’s previous dividend of $6.00. Countryside Properties’s dividend payout ratio is currently 0.43%.

In other news, insider Ian Sutcliffe sold 34,429 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of GBX 468 ($6.16), for a total transaction of £161,127.72 ($211,954.38). Also, insider Gary Whitaker sold 48,000 shares of the stock in a transaction dated Monday, January 20th. The stock was sold at an average price of GBX 497 ($6.54), for a total transaction of £238,560 ($313,812.15). Insiders have sold a total of 134,465 shares of company stock worth $64,321,620 in the last ninety days.

Countryside Properties Company Profile (LON:CSP)

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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