Countrywide PLC (CWD) Receives Average Recommendation of “Hold” from Analysts
Countrywide PLC (LON:CWD) has been assigned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is GBX 136.75 ($1.85).
CWD has been the topic of several recent analyst reports. Credit Suisse Group lowered shares of Countrywide to an “underperform” rating and reduced their price objective for the stock from GBX 288 ($3.91) to GBX 111 ($1.51) in a research note on Monday, September 25th. Peel Hunt cut their price target on shares of Countrywide from GBX 145 ($1.97) to GBX 115 ($1.56) and set a “reduce” rating on the stock in a research note on Wednesday, September 27th. Berenberg Bank began coverage on shares of Countrywide in a research note on Thursday, October 12th. They issued a “sell” rating and a GBX 95 ($1.29) price target on the stock. Finally, Citigroup reaffirmed a “neutral” rating and issued a GBX 125 ($1.70) price target on shares of Countrywide in a research note on Tuesday, October 31st.
Countrywide (CWD) opened at GBX 134 ($1.82) on Wednesday. Countrywide has a one year low of GBX 105.25 ($1.43) and a one year high of GBX 199.50 ($2.71). The firm has a market cap of $318.83 and a P/E ratio of -6,700.00.
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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.
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