Countrywide PLC (CWD) Stock Rating Reaffirmed by Credit Suisse Group

Countrywide PLC (LON:CWD)‘s stock had its “underperform” rating reiterated by research analysts at Credit Suisse Group in a note issued to investors on Thursday. They presently have a GBX 111 ($1.46) target price on the stock. Credit Suisse Group’s price target would suggest a potential downside of 8.45% from the stock’s current price.

Several other equities analysts have also recently weighed in on CWD. Jefferies Group LLC restated a “hold” rating and issued a GBX 150 ($1.98) price objective on shares of Countrywide PLC in a report on Friday, July 28th. Peel Hunt reduced their price target on Countrywide PLC from GBX 145 ($1.91) to GBX 115 ($1.52) and set a “reduce” rating for the company in a report on Wednesday, September 27th. Finally, Berenberg Bank began coverage on Countrywide PLC in a report on Thursday, October 12th. They set a “sell” rating and a GBX 95 ($1.25) price objective for the company. Four research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Countrywide PLC presently has an average rating of “Hold” and an average price target of GBX 144.25 ($1.90).



Countrywide PLC (CWD) opened at 121.25 on Thursday. The firm has a 50-day moving average price of GBX 121.02 and a 200-day moving average price of GBX 150.16. Countrywide PLC has a 52 week low of GBX 105.25 and a 52 week high of GBX 231.97. The stock’s market cap is GBX 277.04 million.

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In other news, insider Himanshu Raja acquired 10,592 shares of the stock in a transaction on Wednesday, September 6th. The stock was acquired at an average cost of GBX 135 ($1.78) per share, for a total transaction of £14,299.20 ($18,869.36). Over the last 90 days, insiders have acquired 100,335 shares of company stock valued at $13,545,024.

Countrywide PLC Company Profile

Countrywide plc, together with its subsidiaries, provides residential estate agency and property services in the United Kingdom. It operates through four segments: Retail, London, Financial Services, and B2B. The company offers surveying services, including valuation panel management services, residential valuations, and surveys for mortgage lenders; leasehold, commercial, relocation, and residential property management services; and sells residential, commercial, industrial, and agricultural properties, as well as land through public auction.

Analyst Recommendations for Countrywide PLC (LON:CWD)

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