Credit Suisse Group Downgrades Countrywide (CWD) to Underperform
Countrywide (LON:CWD) was downgraded by Credit Suisse Group to an “underperform” rating in a report released on Tuesday, August 7th.
A number of other equities research analysts also recently issued reports on the stock. Peel Hunt reaffirmed an “under review” rating on shares of Countrywide in a research report on Tuesday, July 24th. Citigroup reaffirmed a “neutral” rating on shares of Countrywide in a research report on Friday, July 13th. Finally, Numis Securities downgraded shares of Countrywide to a “hold” rating and reduced their price objective for the stock from GBX 89 ($1.14) to GBX 38 ($0.48) in a research report on Tuesday, June 26th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 73.37 ($0.94).
Shares of CWD stock opened at GBX 14.39 ($0.18) on Tuesday. Countrywide has a 52-week low of GBX 66.64 ($0.85) and a 52-week high of GBX 189.25 ($2.41).
Countrywide plc, together with its subsidiaries, provides residential estate agency and property services in the United Kingdom. It operates through UK Sales and Lettings, London Sales and Lettings, Financial Services, and Business to Business (B2B) segments. The company offers surveying services, including valuation panel management services, residential valuations, and surveys for mortgage lenders; provides leasehold, commercial, relocation, and residential property management services; and sells residential, commercial, industrial, and agricultural properties, as well as land through public auction.
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