Credit Suisse Reiterates “Neutral” Rating for Countrywide PLC (CWD)
Countrywide PLC (LON:CWD)‘s stock had its “neutral” rating reiterated by research analysts at Credit Suisse in a report released on Tuesday. They currently have a GBX 582 ($9.98) target price on the stock, down from their previous target price of GBX 745 ($12.78). Credit Suisse’s price target points to a potential upside of 17.86% from the company’s current price.
Countrywide PLC (LON:CWD) traded down 2.80% during mid-day trading on Tuesday, hitting GBX 493.80. 518,417 shares of the company’s stock traded hands. Countrywide PLC has a 1-year low of GBX 486.50 and a 1-year high of GBX 701.00. The stock’s 50-day moving average is GBX 533.5 and its 200-day moving average is GBX 592.0. The company’s market cap is £1.083 billion.
The company also recently declared a dividend, which is scheduled for Monday, September 15th. Shareholders of record on Wednesday, August 13th will be given a dividend of GBX 9 ($0.15) per share. This represents a yield of 1.71%. The ex-dividend date of this dividend is Wednesday, August 13th.
CWD has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of Countrywide PLC in a research note on Friday, June 20th. They now have a GBX 750 ($12.86) price target on the stock. Separately, analysts at Panmure Gordon reiterated a “buy” rating on shares of Countrywide PLC in a research note on Tuesday, June 3rd. They now have a GBX 700 ($12.01) price target on the stock. Finally, analysts at Beaufort Securities reiterated a “hold” rating on shares of Countrywide PLC in a research note on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 696.80 ($11.95).
Countrywide plc is an integrated residential estate agency and property services group in the United Kingdom.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.