Countryside Partnerships PLC (OTCMKTS:CSPLF – Get Rating) benefited from a significant increase in short-term interest in April. As of April 15, there was short interest totaling 525,600 shares, an 86.3% increase from the March 31 total of 282,100 shares. Based on an average daily trading volume of 700 shares, the day-to-cover ratio is currently 750.9 days.
A number of research analysts have commented on the headline. Deutsche Bank Aktiengesellschaft reduced shares of Countryside Partnerships from a “buy” rating to a “hold” rating in a Friday, January 14 research report. JPMorgan Chase & Co. lowered its price target on Countryside Partnerships from GBX 280 ($3.57) to GBX 250 ($3.19) in a Friday, April 8 research report. Berenberg Bank cut its price target on Countryside Partnerships from 510 GBX ($6.50) to 270 GBX ($3.44) in a Tuesday, April 19 report. Finally, Peel Hunt downgraded Countryside Partnerships from a “buy” rating to a “hold” rating in a Thursday, January 20 research note. One analyst rated the stock with a sell rating, three gave the company a hold rating and one gave the company’s stock a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $260.00.
Shares of OTCMKTS:CSPLF opened at $3.26 on Friday. The company’s 50-day moving average price is $3.65 and its 200-day moving average price is $4.95. Countryside Partnerships has a 1 year minimum of $3.20 and a 1 year maximum of $7.75.
Countryside Partnerships Company Profile (Get a rating)
Countryside Partnerships PLC operates as a homebuilder and urban regeneration partner in the UK. The company offers mixed occupancy developments including affordable homes, homes for the private rental sector and homes for private sale in London, North, Midlands, South West and Home Counties.
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