Countrywide (CWD) Price Target Increased to GBX 80 by Analysts at Peel Hunt

Countrywide (LON:CWD) had its price objective boosted by Peel Hunt from GBX 75 ($1.07) to GBX 80 ($1.15) in a report published on Thursday morning. The firm currently has a reduce rating on the stock.

CWD has been the subject of several other reports. Berenberg Bank reiterated a sell rating and issued a GBX 95 ($1.36) price objective on shares of Countrywide in a research report on Friday, January 12th. Numis Securities lowered their price objective on Countrywide from GBX 110 ($1.58) to GBX 89 ($1.27) and set a hold rating for the company in a research report on Friday, March 9th. Credit Suisse Group lowered their price objective on Countrywide from GBX 111 ($1.59) to GBX 77 ($1.10) and set an underperform rating for the company in a research report on Tuesday, March 13th. Finally, Jefferies Group lowered their price objective on Countrywide from GBX 125 ($1.79) to GBX 85 ($1.22) and set a hold rating for the company in a research report on Thursday, March 8th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Countrywide has an average rating of Hold and a consensus target price of GBX 91.83 ($1.31).

Shares of Countrywide stock opened at GBX 104.80 ($1.50) on Thursday. Countrywide has a fifty-two week low of GBX 66.64 ($0.95) and a fifty-two week high of GBX 189.25 ($2.71).

Countrywide (LON:CWD) last issued its quarterly earnings data on Thursday, March 8th. The company reported GBX 8.40 ($0.12) earnings per share for the quarter, missing the consensus estimate of GBX 12.50 ($0.18) 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 stock in a transaction that occurred on Friday, March 9th. The stock was bought at an average cost of GBX 88 ($1.26) per share, for a total transaction of £88,000 ($126,002.29).

WARNING: “Countrywide (CWD) Price Target Increased to GBX 80 by Analysts at Peel Hunt” was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2018/04/22/countrywide-cwd-price-target-increased-to-gbx-80-by-analysts-at-peel-hunt.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