Countryside Properties (LON:CSP) Hits New 1-Year Low at $330.40

Countryside Properties PLC (LON:CSP)’s share price hit a new 52-week low on Thursday . The stock traded as low as GBX 330.40 ($4.48) and last traded at GBX 339.60 ($4.61), with a volume of 4562440 shares. The stock had previously closed at GBX 411.80 ($5.59).

Several research analysts have recently weighed in on the company. Berenberg Bank boosted their target price on Countryside Properties from GBX 480 ($6.52) to GBX 510 ($6.92) and gave the stock a “hold” rating in a report on Monday, November 22nd. Peel Hunt reiterated a “buy” rating and issued a GBX 560 ($7.60) price objective on shares of Countryside Properties in a report on Tuesday, November 30th. Deutsche Bank Aktiengesellschaft cut Countryside Properties to a “hold” rating and decreased their price objective for the company from GBX 521 ($7.07) to GBX 342 ($4.64) in a report on Friday. JPMorgan Chase & Co. cut Countryside Properties to an “underweight” rating and decreased their price objective for the company from GBX 470 ($6.38) to GBX 450 ($6.11) in a report on Friday, December 10th. Finally, Barclays decreased their price objective on Countryside Properties from GBX 585 ($7.94) to GBX 520 ($7.06) and set an “overweight” rating on the stock in a report on Wednesday, December 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 512.67 ($6.96).

The company has a debt-to-equity ratio of 6.79, a current ratio of 3.90 and a quick ratio of 0.61. The business has a 50 day simple moving average of GBX 444.35 and a 200 day simple moving average of GBX 489.99. The company has a market capitalization of £1.81 billion and a price-to-earnings ratio of 25.77.

In related news, insider Iain McPherson acquired 55,935 shares of the business’s stock in a transaction dated Monday, December 20th. The shares were acquired at an average price of GBX 417 ($5.66) per share, with a total value of £233,248.95 ($316,613.21). Also, insider John W. Martin acquired 47,487 shares of the business’s stock in a transaction dated Wednesday, December 1st. The shares were bought at an average cost of GBX 421 ($5.71) per share, for a total transaction of £199,920.27 ($271,372.70).

About Countryside Properties (LON:CSP)

Countryside Properties PLC operates as a home builder and urban regeneration partner in the United Kingdom. It operates through two segments, Partnerships and Housebuilding. The Partnerships segment specializes in the urban regeneration of public sector land that delivers private, affordable, and private rented sector homes in partnership with local authorities and housing associations.

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