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Prices & Quotes - UK Markets - Countryside Properties (CSP)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 487.20p
Change Today:
-3.80p
Market Cap:
2,557.80m
Sector:
Household Goods & Home Construction

Berenberg 'encouraged' by Countryside Properties Covid-19 management

By Iain Gilbert

Date: Friday 12 Jun 2020

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg said on Friday that they were "encouraged" by Countryside Properties' handling of impacts stemming from the Covid-19 pandemic.
Berenberg stated that following a virtual fireside chat with Countryside chief executive Iain McPherson and other member's of the group's board, where they discussed topics ranging from the current short-term impact of Covid-19 on the company, progress with the phased return to work and the medium-term outlook, it was "upbeat" about the firm's growth prospects in the medium and long term.

However, the German bank said it was also aware of the "difficult few months" that lie ahead for the whole housebuilding industry in the UK.

Berenberg also highlighted how Countryside shares had fallen 50% by 20 March from a peak of 540.0p in late February 2020, before recovering some lost ground in recent weeks to now be down 30% year-to-date.

The analysts cautioned that the company's 2020 numbers would "clearly be weak", as they would be across the sector as a whole, so their focus was more on the shape for 2021 and thereafter.

"For the full year ending September 2021, the business is currently trading at 12.5x P/E and 1.8x P/TNAV. Once the current crisis has been navigated, we believe it has much more to offer," concluded Berenberg, which kept its 360p target price and 'buy' rating unchanged.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

CSP Market Data

Currency UK Pounds
Price 487.20p
Change Today -3.80p
52 Week High 544.50p
52 Week Low 283.40p
Volume 64,591
Shares Issued 525.00m
Market Cap 2,557.80m

Performance Indicators

Compare performance with the sector and the market.

Key
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market
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sector
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Price Trend
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Income
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Growth
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Price Chg 6m
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P/E
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PEG
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Dividend Yield
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EPS Growth
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sector
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Operating Margin
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sector
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What The Brokers Say

Strong Buy 3
Buy 1
Neutral 2
Sell 0
Strong Sell 1
Total 7
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CSP Dividends

  Latest Previous
  Final Interim
Ex-Div 19-Dec-19 23-May-19
Paid 07-Feb-20 05-Jul-19
Amount 10.30p 6.00p

Trades for 14-Jun-2021

Time Volume / Share Price
13:55 12 @ 487.20p
13:54 1 @ 487.20p
13:51 450 @ 486.80p
13:51 317 @ 487.00p
13:51 316 @ 487.00p

CSP Key Personnel

CEO Iain McPherson