Countryside Properties (LON:CSP) Stock Rating Reaffirmed by Peel Hunt

Peel Hunt restated their buy rating on shares of Countryside Properties (LON:CSP) in a research report sent to investors on Monday, Stock Target Advisor reports. They currently have a GBX 410 ($5.36) price target on the stock, up from their prior price target of GBX 375 ($4.90).

CSP has been the subject of several other reports. Jefferies Financial Group restated a buy rating and issued a GBX 454 ($5.93) price target (up from GBX 422 ($5.51)) on shares of Countryside Properties in a research note on Friday, September 27th. Deutsche Bank boosted their price target on Countryside Properties from GBX 353 ($4.61) to GBX 371 ($4.85) and gave the company a buy rating in a research note on Tuesday, October 1st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of Buy and an average price target of GBX 397.14 ($5.19).

Shares of LON CSP opened at GBX 371.80 ($4.86) on Monday. The company has a current ratio of 3.08, a quick ratio of 0.74 and a debt-to-equity ratio of 6.52. Countryside Properties has a 12 month low of GBX 273.60 ($3.58) and a 12 month high of GBX 371.60 ($4.86). The stock has a 50 day moving average of GBX 350.55 and a 200-day moving average of GBX 315.61. The company has a market capitalization of $1.67 billion and a P/E ratio of 11.55.

Countryside Properties (LON:CSP) last issued its earnings results on Thursday, November 21st. The company reported GBX 40.80 ($0.53) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 39.60 ($0.52) by GBX 1.20 ($0.02). Analysts predict that Countryside Properties will post 3260.8045233 EPS for the current fiscal year.

The company also recently declared a dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, December 19th will be paid a GBX 10.30 ($0.13) dividend. The ex-dividend date is Thursday, December 19th. This is an increase from Countryside Properties’s previous dividend of $6.00. This represents a yield of 2.77%. Countryside Properties’s payout ratio is 0.40%.

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.

Read More: The risks of owning bonds

Analyst Recommendations for Countryside Properties (LON:CSP)

Receive News & Ratings for Countryside Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Countryside Properties and related companies with MarketBeat.com's FREE daily email newsletter.