Countrywide (CWD) Sets New 1-Year Low at $80.20

Countrywide PLC (LON:CWD)’s share price reached a new 52-week low during trading on Friday . The company traded as low as GBX 80.20 ($1.12) and last traded at GBX 81 ($1.14), with a volume of 245853 shares traded. The stock had previously closed at GBX 83 ($1.16).

CWD has been the subject of a number of analyst reports. Peel Hunt reaffirmed a “reduce” rating and set a GBX 115 ($1.61) price objective on shares of Countrywide in a report on Thursday, November 9th. Berenberg Bank reissued a “sell” rating and set a GBX 95 ($1.33) price target on shares of Countrywide in a report on Friday, January 12th. Citigroup reissued a “neutral” rating and set a GBX 125 ($1.75) price target on shares of Countrywide in a report on Tuesday, October 31st. Numis Securities reissued a “hold” rating and set a GBX 110 ($1.54) price target on shares of Countrywide in a report on Friday, January 19th. Finally, Credit Suisse Group reissued an “underperform” rating and set a GBX 111 ($1.56) price target on shares of Countrywide in a report on Thursday, October 26th. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 122.29 ($1.71).

The stock has a market cap of $195.34 and a price-to-earnings ratio of -4,050.00.

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About Countrywide

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.

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