Barclays PLC Trims Countrywide PLC (CWD) Target Price to GBX 250.50
Countrywide PLC (LON:CWD) had its price objective reduced by equities research analysts at Barclays PLC from GBX 400 ($5.22) to GBX 250.50 ($3.27) in a research report issued to clients and investors on Thursday. The brokerage currently has an “equal weight” rating on the stock. Barclays PLC’s price objective suggests a potential upside of 10.69% from the company’s previous close.
CWD has been the subject of several other reports. Peel Hunt reiterated a “hold” rating and set a GBX 400 ($5.22) price objective on shares of Countrywide PLC in a research report on Thursday, July 28th. Jefferies Group reissued a “buy” rating and set a GBX 600 ($7.83) target price on shares of Countrywide PLC in a report on Tuesday, June 7th. Numis Securities Ltd raised Countrywide PLC to an “add” rating and dropped their target price for the stock from GBX 416 ($5.43) to GBX 286 ($3.73) in a report on Thursday, July 28th. Citigroup Inc. reissued a “neutral” rating and set a GBX 250 ($3.26) target price on shares of Countrywide PLC in a report on Tuesday, July 26th. Finally, Credit Suisse Group AG reissued a “neutral” rating and set a GBX 288 ($3.76) target price on shares of Countrywide PLC in a report on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 320.69 ($4.19).
Shares of Countrywide PLC (LON:CWD) opened at 219.05 on Thursday. Countrywide PLC has a 12-month low of GBX 215.17 and a 12-month high of GBX 514.00. The firm’s market cap is GBX 477.34 million. The stock’s 50 day moving average price is GBX 246.52 and its 200 day moving average price is GBX 310.80.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/22/barclays-plc-trims-countrywide-plc-cwd-target-price-to-gbx-250-50.html
The business also recently declared a dividend, which will be paid on Friday, October 7th. Shareholders of record on Thursday, September 8th will be issued a GBX 5 ($0.07) dividend. The ex-dividend date is Thursday, September 8th. This represents a dividend yield of 1.9%.
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.
Receive News & Ratings for Countrywide PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Countrywide PLC and related companies with MarketBeat.com's FREE daily email newsletter.