Countrywide PLC (CWD) Downgraded by Numis Securities Ltd
Countrywide PLC (LON:CWD) was downgraded by analysts at Numis Securities Ltd to a “hold” rating in a note issued to investors on Friday. They presently have a GBX 175 ($2.19) target price on the stock. Numis Securities Ltd’s price target would suggest a potential upside of 3.24% from the stock’s current price.
CWD has been the subject of several other research reports. Jefferies Group reissued a “hold” rating and set a GBX 180 ($2.25) price objective on shares of Countrywide PLC in a report on Tuesday, November 1st. Barclays PLC dropped their price objective on shares of Countrywide PLC from GBX 400 ($5.00) to GBX 250.50 ($3.13) and set an “equal weight” rating for the company in a report on Thursday, September 22nd. Peel Hunt reissued a “hold” rating and set a GBX 400 ($5.00) price objective on shares of Countrywide PLC in a report on Thursday, July 28th. Finally, Credit Suisse Group AG reissued a “neutral” rating and set a GBX 288 ($3.60) price objective on shares of Countrywide PLC in a report on Monday, August 1st. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 225.56 ($2.82).
Shares of Countrywide PLC (LON:CWD) opened at 169.90 on Friday. Countrywide PLC has a 1-year low of GBX 164.20 and a 1-year high of GBX 428.40. The company has a 50 day moving average price of GBX 195.41 and a 200 day moving average price of GBX 257.74. The company’s market capitalization is GBX 370.24 million.
About Countrywide PLC
Countrywide plc is an integrated residential estate agency and property services group in the United Kingdom. The Company offers estate agency and lettings services, together with a range of complementary services. The Company operates in five businesses: residential property sales; residential property lettings and property management; arranging mortgages, insurance and related financial products (provided by third parties) for participants in residential property transactions; surveying and valuation services for mortgage lenders and prospective homebuyers, and residential property conveyance services.
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