Countrywide PLC’s (CWD) “Reduce” Rating Reiterated at Peel Hunt
Countrywide PLC (LON:CWD)‘s stock had its “reduce” rating restated by analysts at Peel Hunt in a research report issued on Thursday. They presently have a GBX 115 ($1.51) price objective on the stock. Peel Hunt’s target price would suggest a potential downside of 9.45% from the company’s current price.
Several other analysts have also weighed in on the company. Credit Suisse Group lowered Countrywide PLC to an “underperform” rating and reduced their price objective for the company from GBX 288 ($3.79) to GBX 111 ($1.46) in a research note on Monday, September 25th. Berenberg Bank initiated coverage on Countrywide PLC in a research note on Thursday, October 12th. They issued a “sell” rating and a GBX 95 ($1.25) price objective on the stock. Jefferies Group LLC reaffirmed a “hold” rating and issued a GBX 150 ($1.97) price objective on shares of Countrywide PLC in a research note on Friday, July 28th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a GBX 125 ($1.64) price objective on shares of Countrywide PLC in a research note on Tuesday, October 31st. Four research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 136.75 ($1.80).
Shares of Countrywide PLC (LON CWD) opened at GBX 127 ($1.67) on Thursday. Countrywide PLC has a 1-year low of GBX 105.25 ($1.38) and a 1-year high of GBX 231.97 ($3.05).
In other news, insider Himanshu Raja bought 89,408 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was purchased at an average cost of GBX 135 ($1.78) per share, for a total transaction of £120,700.80 ($158,754.18). Insiders purchased 100,358 shares of company stock worth $13,545,138 over the last ninety days.
About Countrywide PLC
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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