November 29, 2016 - By Nellie Frank
London: In a note sent to investors on 29 November, numis kept their “Buy” rating on shares of Countryside Properties (LON:CSP). They currently have a GBX 296.00 price target on the firm. numis’s target would indicate a potential upside of 28.70% from the company’s current price.
Out of 4 analysts covering Countryside Properties PLC (LON:CSP), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. GBX 297 is the highest target while GBX 248.20 is the lowest. The GBX 271.05 average target is 15.61% above today’s (GBX 234.45) stock price. Countryside Properties PLC has been the topic of 17 analyst reports since March 24, 2016 according to StockzIntelligence Inc. The stock of Countryside Properties PLC (LON:CSP) has “Neutral” rating given on Monday, August 15 by JP Morgan. The rating was maintained by Peel Hunt with “Buy” on Tuesday, November 29. As per Friday, September 16, the company rating was maintained by Peel Hunt. The rating was maintained by Peel Hunt with “Buy” on Wednesday, April 13. On Thursday, July 7 the stock rating was maintained by Barclays Capital with “Overweight”. The firm has “Buy” rating given on Wednesday, May 18 by Numis Securities. The firm has “Buy” rating by Numis Securities given on Wednesday, April 13. Peel Hunt maintained the stock with “Buy” rating in Wednesday, October 12 report. The stock has “Overweight” rating given by JP Morgan on Friday, July 29. The rating was maintained by JP Morgan with “Neutral” on Thursday, October 13.
The stock increased 1.94% or GBX 4.45 on November 29, hitting GBX 234.45. About 233,286 shares traded hands or 9.04% up from the average. Countryside Properties PLC (LON:CSP) has declined 1.08% since April 29, 2016 and is downtrending. It has underperformed by 6.34% the S&P500.
Countryside Properties plc is a United Kingdom housebuilder and regeneration partner, primarily operating in London and the South East of England, and with a presence in the North West of England. The company has a market cap of 1.20 billion GBP. Countryside operates through two divisions: Housebuilding and Partnerships. It has a 40.75 P/E ratio. 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.
More recent Countryside Properties PLC (LON:CSP) news were published by: Nytimes.com which released: “DealBook|Countryside Properties Valued at $1.46 Billion in IPO” on February 12, 2016. Also Marketwatch.com published the news titled: “Countryside profit jumps; says market over Brexit” on November 29, 2016. Fool.Co.Uk‘s news article titled: “Is Countryside Properties plc a better buy than Persimmon plc?” with publication date: October 12, 2016 was also an interesting one.
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By Nellie Frank