Countryside Properties (LON:CSP) Hits New 52-Week High at $399.28

Countryside Properties PLC (LON:CSP) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 399.28 ($5.22) and last traded at GBX 397.20 ($5.19), with a volume of 94091 shares trading hands. The stock had previously closed at GBX 397.80 ($5.20).

CSP has been the topic of several research reports. Peel Hunt restated a “buy” rating and issued a GBX 410 ($5.36) target price (up previously from GBX 375 ($4.90)) on shares of Countryside Properties in a research note on Monday, November 18th. Berenberg Bank boosted their target price on Countryside Properties from GBX 380 ($4.97) to GBX 440 ($5.75) and gave the company a “buy” rating in a research note on Friday. Deutsche Bank boosted their target price on Countryside Properties from GBX 371 ($4.85) to GBX 415 ($5.42) and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 454 ($5.93) target price (up previously from GBX 422 ($5.51)) on shares of Countryside Properties in a research note on Friday, September 27th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Countryside Properties currently has an average rating of “Buy” and an average target price of GBX 416.83 ($5.45).

The stock has a market cap of $1.79 billion and a P/E ratio of 10.65. The company has a 50 day simple moving average of GBX 365.33 and a 200 day simple moving average of GBX 318.86. The company has a current ratio of 3.21, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25.

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Countryside Properties (LON:CSP) last announced its quarterly earnings data on Thursday, November 21st. The company reported GBX 40.80 ($0.53) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of GBX 39.60 ($0.52) by GBX 1.20 ($0.02). As a group, sell-side analysts expect that Countryside Properties PLC will post 3259.000102 earnings per share for the current year.

The business also recently disclosed a dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, December 19th will be paid a dividend of GBX 10.30 ($0.13) per share. The ex-dividend date of this dividend is Thursday, December 19th. This represents a dividend yield of 2.77%. This is a boost from Countryside Properties’s previous dividend of $6.00. Countryside Properties’s dividend payout ratio is currently 0.32%.

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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