Peel Hunt Reaffirms “Reduce” Rating for Countrywide (CWD)
Several other brokerages have also recently issued reports on CWD. Credit Suisse Group cut Countrywide to an underperform rating and reduced their price objective for the company from GBX 288 ($3.91) to GBX 111 ($1.51) in a research note on Monday, September 25th. Berenberg Bank started coverage on Countrywide in a report on Thursday, October 12th. They set a sell rating and a GBX 95 ($1.29) price objective on the stock. Finally, Citigroup reaffirmed a neutral rating and set a GBX 125 ($1.70) price objective on shares of Countrywide in a report on Tuesday, October 31st. Four analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock presently has a consensus rating of Sell and an average target price of GBX 122.29 ($1.66).
Shares of Countrywide (CWD) traded down GBX 2.60 ($0.04) during trading on Thursday, reaching GBX 104.20 ($1.41). The company had a trading volume of 77,019 shares, compared to its average volume of 161,540. The stock has a market capitalization of $259.35 and a price-to-earnings ratio of -5,210.00. Countrywide has a 52 week low of GBX 104.20 ($1.41) and a 52 week high of GBX 199.50 ($2.71).
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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