Countrywide’s (CWD) “Sell” Rating Reaffirmed at Berenberg Bank

Berenberg Bank reaffirmed their sell rating on shares of Countrywide (LON:CWD) in a research note issued to investors on Friday. Berenberg Bank currently has a GBX 95 ($1.29) price objective on the stock.

CWD has been the subject of several other research reports. Peel Hunt cut their target price on Countrywide from GBX 145 ($1.97) to GBX 115 ($1.56) and set a reduce rating for the company in a research report on Wednesday, September 27th. Credit Suisse Group downgraded Countrywide to an underperform rating and cut their target price for the stock from GBX 288 ($3.91) to GBX 111 ($1.51) in a research report on Monday, September 25th. Finally, Citigroup reaffirmed a neutral rating and set a GBX 125 ($1.70) price target on shares of Countrywide in a report on Tuesday, October 31st. Four analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Countrywide has a consensus rating of Hold and a consensus target price of GBX 136.75 ($1.85).

Countrywide (LON CWD) traded up GBX 1.20 ($0.02) during trading on Friday, hitting GBX 137 ($1.86). The company had a trading volume of 55,300 shares, compared to its average volume of 132,172. The company has a market cap of $325.97 and a P/E ratio of -6,850.00. Countrywide has a 1-year low of GBX 105.25 ($1.43) and a 1-year high of GBX 199.50 ($2.71).

COPYRIGHT VIOLATION WARNING: “Countrywide’s (CWD) “Sell” Rating Reaffirmed at Berenberg Bank” was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.dispatchtribunal.com/2018/01/15/countrywides-cwd-sell-rating-reaffirmed-at-berenberg-bank.html.

Countrywide 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 (LON:CWD)

Receive News & Ratings for Countrywide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Countrywide and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply