Peel Hunt Lowers Countrywide PLC (CWD) Price Target to GBX 170
Countrywide PLC (LON:CWD) had its price objective lowered by stock analysts at Peel Hunt from GBX 250 ($3.12) to GBX 170 ($2.12) in a report released on Thursday. The brokerage presently has a “hold” rating on the stock. Peel Hunt’s price target would suggest a potential upside of 0.98% from the stock’s current price.
Several other brokerages have also recently commented on CWD. Credit Suisse Group AG restated a “neutral” rating and set a GBX 288 ($3.60) target price on shares of Countrywide PLC in a report on Monday, August 1st. Numis Securities Ltd raised shares of Countrywide PLC to an “add” rating and dropped their price target for the stock from GBX 416 ($5.20) to GBX 286 ($3.57) in a research report on Thursday, July 28th. Barclays PLC dropped their price target on shares of Countrywide PLC from GBX 400 ($5.00) to GBX 250.50 ($3.13) and set an “equal weight” rating on the stock in a research report on Thursday, September 22nd. Finally, Jefferies Group lowered shares of Countrywide PLC to a “hold” rating and dropped their price target for the stock from GBX 300 ($3.75) to GBX 180 ($2.25) in a research report on Tuesday, October 25th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 225.56 ($2.82).
Shares of Countrywide PLC (LON:CWD) opened at 176.00 on Thursday. The firm’s market capitalization is GBX 383.53 million. The stock’s 50 day moving average is GBX 194.37 and its 200 day moving average is GBX 257.23. Countrywide PLC has a 12 month low of GBX 164.20 and a 12 month high of GBX 428.40.
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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