Countrywide PLC (CWD) Given Average Recommendation of “Hold” by Brokerages
Countrywide PLC (LON:CWD) has been given an average recommendation of “Hold” by the seven brokerages that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 188 ($2.45).
A number of research analysts have recently issued reports on CWD shares. Peel Hunt reaffirmed a “reduce” rating and set a GBX 165 ($2.15) price objective on shares of Countrywide PLC in a research note on Thursday, June 22nd. Jefferies Group LLC reaffirmed a “hold” rating and set a GBX 180 ($2.35) price objective on shares of Countrywide PLC in a research note on Monday, June 26th.
Shares of Countrywide PLC (CWD) traded up 3.33% on Tuesday, reaching GBX 170.75. The company’s stock had a trading volume of 146,881 shares. The firm’s market cap is GBX 367.82 million. The stock has a 50 day moving average of GBX 164.15 and a 200-day moving average of GBX 171.31. Countrywide PLC has a 12 month low of GBX 147.96 and a 12 month high of GBX 290.40.
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In related news, insider Himanshu Raja acquired 122,841 shares of Countrywide PLC stock in a transaction dated Tuesday, June 6th. The shares were purchased at an average cost of GBX 162 ($2.12) per share, with a total value of £199,002.42 ($259,862.13). Also, insider Natalie Ceeney acquired 1,751 shares of Countrywide PLC stock in a transaction dated Friday, May 5th. The shares were bought at an average cost of GBX 160 ($2.09) per share, for a total transaction of £2,801.60 ($3,658.40). Insiders have bought 124,775 shares of company stock worth $20,210,483 over the last ninety days.
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.
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