Countryside Properties PLC (CSP) Announces Quarterly Earnings Results

Countryside Properties PLC (LON:CSP) posted its earnings results on Wednesday. The company reported GBX 27.80 ($0.37) EPS for the quarter, beating the consensus estimate of GBX 27 ($0.36) by GBX 0.80 ($0.01), Digital Look Earnings reports. The firm had revenue of GBX 8,458 billion during the quarter. Countryside Properties PLC had a return on equity of 16.26% and a net margin of 14.18%.

Shares of Countryside Properties PLC (CSP) traded up GBX 10.70 ($0.14) during mid-day trading on Friday, hitting GBX 358 ($4.71). The stock had a trading volume of 928,758 shares, compared to its average volume of 512,127. Countryside Properties PLC has a 12 month low of GBX 219.92 ($2.89) and a 12 month high of GBX 372.80 ($4.90).

Several brokerages have recently weighed in on CSP. Numis Securities Ltd reissued an “add” rating and issued a GBX 373 ($4.91) price target on shares of Countryside Properties PLC in a research note on Wednesday. Peel Hunt cut Countryside Properties PLC to an “add” rating and set a GBX 395 ($5.20) price target for the company. in a research note on Thursday, July 27th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 335 ($4.41) price target on shares of Countryside Properties PLC in a research note on Tuesday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 363.40 ($4.78).

In related news, insider David Howell purchased 30,000 shares of the firm’s stock in a transaction dated Monday, October 9th. The stock was bought at an average price of GBX 349 ($4.59) per share, with a total value of £104,700 ($137,708.80).

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Countryside Properties PLC Company Profile

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.

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