Countrywide PLC’s Neutral Rating Reaffirmed at Credit Suisse (CWD)
Credit Suisse reaffirmed their neutral rating on shares of Countrywide PLC (LON:CWD) in a report released on Tuesday. Credit Suisse currently has a GBX 582 ($9.98) price objective on the stock, down from their previous price objective of GBX 745 ($12.78).
Credit Suisse has also modified their ratings on a number of other stocks in the few days. The firm reiterated its outperform rating on shares of Williams Partners L.P.. Also, Credit Suisse reiterated its neutral rating on shares of Baytex Energy Corp. Finally, Credit Suisse reiterated its underperform rating on shares of GlaxoSmithKline plc (ADR).
Countrywide PLC (LON:CWD) opened at 490.10 on Tuesday. Countrywide PLC has a 52-week low of GBX 486.50 and a 52-week high of GBX 701.00. The stock’s 50-day moving average is GBX 533.5 and its 200-day moving average is GBX 592.0. The company’s market cap is £1.075 billion.
The company also recently declared a dividend, which is scheduled for Monday, September 15th. Shareholders of record on Wednesday, August 13th will be given a dividend of GBX 9 ($0.15) per share. This represents a yield of 1.71%. The ex-dividend date of this dividend is Wednesday, August 13th.
CWD has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a buy rating on shares of Countrywide PLC in a research note on Friday, June 20th. They now have a GBX 750 ($12.86) price target on the stock. Separately, analysts at Panmure Gordon reiterated a buy rating on shares of Countrywide PLC in a research note on Tuesday, June 3rd. They now have a GBX 700 ($12.01) price target on the stock. Finally, analysts at Beaufort Securities reiterated a hold rating on shares of Countrywide PLC in a research note on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of GBX 696.80 ($11.95).
Countrywide plc is an integrated residential estate agency and property services group in the United Kingdom.
To view Credit Suisse’s full report, visit Credit Suisse’s official website.