Peel Hunt Reiterates “Reduce” Rating for Countrywide (CWD)

Countrywide (LON:CWD)‘s stock had its “reduce” rating restated by Peel Hunt in a research note issued on Wednesday. They currently have a GBX 80 ($1.12) target price on the stock. Peel Hunt’s target price suggests a potential downside of 23.08% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. Credit Suisse Group lowered their target price on shares of Countrywide from GBX 111 ($1.55) to GBX 77 ($1.07) and set an “underperform” rating for the company in a report on Tuesday, March 13th. Numis Securities lowered their target price on shares of Countrywide from GBX 110 ($1.53) to GBX 89 ($1.24) and set a “hold” rating for the company in a report on Friday, March 9th. Jefferies Group lowered their target price on shares of Countrywide from GBX 125 ($1.74) to GBX 85 ($1.19) and set a “hold” rating for the company in a report on Thursday, March 8th. Finally, Berenberg Bank upgraded shares of Countrywide to a “hold” rating and set a GBX 95 ($1.32) target price for the company in a report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Countrywide has a consensus rating of “Hold” and a consensus target price of GBX 91.83 ($1.28).

Countrywide stock opened at GBX 104 ($1.45) on Wednesday. Countrywide has a 12-month low of GBX 66.64 ($0.93) and a 12-month high of GBX 189.25 ($2.64).

Countrywide (LON:CWD) last released its 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 firm had revenue of £661.05 million for the quarter.

In related news, insider Himanshu Raja acquired 100,000 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The stock was bought at an average price of GBX 88 ($1.23) per share, for a total transaction of £88,000 ($122,733.61).

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)

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