Countrywide (CWD) Price Target Cut to GBX 77

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).

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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.

Analyst Recommendations for Countrywide (LON:CWD)

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