Countryside Properties (CSP) Given New GBX 375 Price Target at J P Morgan Chase & Co

Countryside Properties (LON:CSP) had its price objective boosted by equities research analysts at J P Morgan Chase & Co from GBX 335 ($4.51) to GBX 375 ($5.05) in a research note issued on Thursday. The brokerage currently has a “neutral” rating on the stock. J P Morgan Chase & Co’s target price would suggest a potential upside of 9.71% from the stock’s current price.

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

Countryside Properties (CSP) traded up GBX 1.90 ($0.03) during mid-day trading on Thursday, hitting GBX 341.80 ($4.60). The stock had a trading volume of 2,211,935 shares, compared to its average volume of 3,100,000. Countryside Properties has a 1-year low of GBX 219.92 ($2.96) and a 1-year high of GBX 372.80 ($5.02).

Countryside Properties (LON:CSP) last issued its earnings results on Wednesday, November 22nd. The company reported GBX 27.80 ($0.37) earnings per share for the quarter, beating the Zacks’ consensus estimate of GBX 27 ($0.36) by GBX 0.80 ($0.01). Countryside Properties had a return on equity of 20.47% and a net margin of 13.71%. The firm had revenue of £845.80 million for the quarter.

In other Countryside Properties news, insider David Howell acquired 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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