Countrywide (LON:CWD) had its price objective trimmed by Credit Suisse Group from GBX 111 ($1.53) to GBX 77 ($1.06) in a report issued on Tuesday, March 13th. The firm currently has an underperform rating on the stock.
Several other brokerages also recently issued reports on CWD. Berenberg Bank reiterated a sell rating and set a GBX 95 ($1.31) price target on shares of Countrywide in a report on Friday, January 12th. Peel Hunt reiterated a reduce rating and set a GBX 75 ($1.04) price target (down previously from GBX 115 ($1.59)) on shares of Countrywide in a report on Thursday, March 8th. Jefferies Group cut their price objective on Countrywide from GBX 125 ($1.73) to GBX 85 ($1.17) and set a hold rating on the stock in a research report on Thursday, March 8th. Finally, Numis Securities reissued a hold rating and issued a GBX 110 ($1.52) price objective on shares of Countrywide in a research report on Friday, January 19th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of GBX 91 ($1.26).
Shares of Countrywide stock opened at GBX 85 ($1.17) on Tuesday. Countrywide has a 1-year low of GBX 66.64 ($0.92) and a 1-year high of GBX 189.25 ($2.61). The stock has a market capitalization of $201.77 and a price-to-earnings ratio of -96.59.
Countrywide (LON:CWD) last announced its quarterly earnings results on Thursday, March 8th. The company reported GBX 8.40 ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 12.50 ($0.17) by GBX (4.10) (($0.06)). The company had revenue of £661.05 million during the quarter.
In other Countrywide news, insider Himanshu Raja acquired 100,000 shares of the business’s stock in a transaction on Friday, March 9th. The shares were acquired at an average price of GBX 88 ($1.22) per share, with a total value of £88,000 ($121,580.55).
TRADEMARK VIOLATION NOTICE: “Countrywide (CWD) Price Target Cut to GBX 77” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another site, it was illegally copied and republished in violation of United States and international copyright & trademark law. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2018/03/22/countrywide-cwd-price-target-cut-to-gbx-77.html.
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.
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.