Brokerages Set Countrywide (CWD) Price Target at $91.83

Shares of Countrywide (LON:CWD) have received an average rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 91.83 ($1.31).

A number of analysts have commented on the company. Numis Securities reduced 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 cut their target price 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. Peel Hunt restated a “reduce” rating and set a GBX 115 ($1.65) target price on shares of Countrywide in a research report on Wednesday, January 24th. Jefferies Group cut their target price 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. Finally, Berenberg Bank upgraded Countrywide to a “hold” rating and set a GBX 95 ($1.36) target price for the company in a research report on Wednesday, January 24th.

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LON:CWD opened at GBX 105.60 ($1.51) on Friday. Countrywide has a 12-month low of GBX 66.64 ($0.95) and a 12-month high of GBX 189.25 ($2.71).

Countrywide (LON:CWD) last announced its quarterly earnings data on Thursday, March 8th. The company reported GBX 8.40 ($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of GBX 12.50 ($0.18) by GBX (4.10) (($0.06)). The business had revenue of £661.05 million during the quarter.

In related news, insider Himanshu Raja bought 100,000 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The stock was acquired at an average price of GBX 88 ($1.26) per share, for a total transaction of £88,000 ($126,002.29).

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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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