Berenberg Bank Reiterates Sell Rating for Countrywide (CWD)
Countrywide (LON:CWD)‘s stock had its “sell” rating reiterated by stock analysts at Berenberg Bank in a research report issued on Friday. They presently have a GBX 95 ($1.29) target price on the stock. Berenberg Bank’s price objective would indicate a potential downside of 30.04% from the stock’s current price.
Other equities research analysts have also recently issued reports about the company. Citigroup restated a “neutral” rating and set a GBX 125 ($1.70) target price on shares of Countrywide in a research report on Tuesday, October 31st. Credit Suisse Group restated an “underperform” rating and set a GBX 111 ($1.51) target price on shares of Countrywide in a research report on Thursday, October 26th. Finally, Peel Hunt restated a “reduce” rating and set a GBX 115 ($1.56) target price on shares of Countrywide in a research report on Thursday, November 9th. Four equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Countrywide has a consensus rating of “Hold” and an average target price of GBX 136.75 ($1.85).
Shares of Countrywide (CWD) opened at GBX 135.80 ($1.84) on Friday. Countrywide has a 12-month low of GBX 105.25 ($1.43) and a 12-month high of GBX 199.50 ($2.71). The company has a market capitalization of $323.11 and a PE ratio of -6,790.00.
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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