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).

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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)

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