Countrywide PLC’s (CWD) “Reduce” Rating Reaffirmed at Peel Hunt

Peel Hunt reiterated their reduce rating on shares of Countrywide PLC (LON:CWD) in a report released on Thursday morning. The brokerage currently has a GBX 115 ($1.51) price target on the stock.

A number of other research firms also recently commented on CWD. Jefferies Group LLC reaffirmed a hold rating and set a GBX 150 ($1.97) price objective on shares of Countrywide PLC in a research note on Friday, July 28th. Citigroup Inc. reaffirmed a neutral rating and set a GBX 125 ($1.64) price objective on shares of Countrywide PLC in a research note on Tuesday, October 31st. Credit Suisse Group reaffirmed an underperform rating and set a GBX 111 ($1.46) price objective on shares of Countrywide PLC in a research note on Thursday, October 26th. Finally, Berenberg Bank began coverage on shares of Countrywide PLC in a research note on Thursday, October 12th. They set a sell rating and a GBX 95 ($1.25) price objective for the company. Four investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company currently has an average rating of Hold and an average target price of GBX 136.75 ($1.80).

Countrywide PLC (LON CWD) traded down GBX 0.33 ($0.00) during midday trading on Thursday, hitting GBX 124.67 ($1.64). 321,865 shares of the stock were exchanged, compared to its average volume of 345,322. Countrywide PLC has a one year low of GBX 105.25 ($1.38) and a one year high of GBX 231.97 ($3.05).

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In other news, insider Himanshu Raja bought 89,408 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was acquired at an average price of GBX 135 ($1.78) per share, for a total transaction of £120,700.80 ($158,754.18). Insiders have bought a total of 100,358 shares of company stock valued at $13,545,138 in the last quarter.

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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