Berenberg Bank Begins Coverage on Countrywide PLC (CWD)
Investment analysts at Berenberg Bank assumed coverage on shares of Countrywide PLC (LON:CWD) in a note issued to investors on Thursday, MarketBeat reports. The firm set a “sell” rating and a GBX 95 ($1.25) price target on the stock. Berenberg Bank’s target price indicates a potential downside of 17.39% from the stock’s previous close.
Other analysts also recently issued reports about the stock. Jefferies Group LLC reiterated a “hold” rating and issued a GBX 150 ($1.97) target price on shares of Countrywide PLC in a report on Friday, July 28th. Peel Hunt reiterated a “reduce” rating and issued a GBX 165 ($2.17) target price on shares of Countrywide PLC in a report on Thursday, June 22nd. Finally, Credit Suisse Group downgraded shares of Countrywide PLC to an “underperform” rating and dropped their target price for the stock from GBX 288 ($3.79) to GBX 111 ($1.46) in a report on Monday, September 25th. Four equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 144.25 ($1.90).
Countrywide PLC (LON:CWD) traded up 0.44% during mid-day trading on Thursday, hitting GBX 115.00. 610,357 shares of the stock traded hands. The firm’s market cap is GBX 273.62 million. Countrywide PLC has a 12-month low of GBX 105.25 and a 12-month high of GBX 231.97. The stock has a 50 day moving average price of GBX 123.91 and a 200 day moving average price of GBX 152.13.
In other news, insider Himanshu Raja bought 10,592 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were acquired at an average cost of GBX 135 ($1.77) per share, with a total value of £14,299.20 ($18,799.89). Insiders purchased a total of 100,335 shares of company stock worth $13,545,024 over the last quarter.
About Countrywide PLC
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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