Countryside Properties PLC (CSP) Given Consensus Rating of “Buy” by Brokerages

Shares of Countryside Properties PLC (LON:CSP) have been assigned an average recommendation of “Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is GBX 405 ($5.29).

CSP has been the subject of a number of research reports. Barclays lifted their price objective on Countryside Properties from GBX 379 ($4.95) to GBX 400 ($5.23) and gave the company an “overweight” rating in a research note on Friday, September 14th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 420 ($5.49) price objective (down from GBX 470 ($6.14)) on shares of Countryside Properties in a research note on Wednesday. Deutsche Bank reaffirmed a “top pick” rating on shares of Countryside Properties in a research note on Tuesday, August 28th. Berenberg Bank dropped their price objective on Countryside Properties from GBX 430 ($5.62) to GBX 390 ($5.10) and set a “buy” rating for the company in a research note on Thursday. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Countryside Properties in a research note on Wednesday, June 27th.

In related news, insider Nicholas Worrall sold 13,213 shares of the business’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of GBX 333 ($4.35), for a total transaction of £43,999.29 ($57,492.87). Also, insider Ian Sutcliffe sold 1,799,646 shares of the business’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of GBX 325 ($4.25), for a total value of £5,848,849.50 ($7,642,557.82).

Shares of LON CSP traded down GBX 4.40 ($0.06) during trading on Monday, reaching GBX 277.80 ($3.63). The stock had a trading volume of 2,523,018 shares, compared to its average volume of 686,827. Countryside Properties has a fifty-two week low of GBX 228.90 ($2.99) and a fifty-two week high of GBX 372.80 ($4.87).

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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