Credit Suisse Reiterates Neutral Rating for Countrywide PLC (CWD)
Countrywide PLC (LON:CWD)‘s stock had its “neutral” rating restated by equities research analysts at Credit Suisse in a research note issued to investors on Friday. They currently have a GBX 582 ($9.88) price target on the stock. Credit Suisse’s price objective would indicate a potential upside of 15.13% from the stock’s previous close.
Shares of Countrywide PLC (LON:CWD) traded down 2.69% on Friday, hitting GBX 505.50. 513,739 shares of the company’s stock traded hands. Countrywide PLC has a 1-year low of GBX 460.60 and a 1-year high of GBX 701.00. The stock has a 50-day moving average of GBX 502. and a 200-day moving average of GBX 579.7. The company’s market cap is £1.109 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.
A number of other firms have also recently commented on CWD. Analysts at Numis Securities Ltd upgraded shares of Countrywide PLC to a “buy” rating in a research note on Thursday. They now have a GBX 690 ($11.72) price target on the stock. Separately, analysts at Panmure Gordon reiterated a “buy” rating on shares of Countrywide PLC in a research note on Thursday. They now have a GBX 700 ($11.89) price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Countrywide PLC in a research note on Friday, July 25th. They now have a GBX 750 ($12.74) price target on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 696.80 ($11.83).
Countrywide plc is an integrated residential estate agency and property services group in the United Kingdom.
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