Countrywide (CWD) Stock Rating Reaffirmed by Berenberg Bank
Countrywide (LON:CWD)‘s stock had its “sell” rating restated by investment analysts at Berenberg Bank in a report issued on Friday. They currently have a GBX 95 ($1.29) price target on the stock. Berenberg Bank’s target price points to a potential downside of 30.04% from the company’s current price.
A number of other research analysts have also recently issued reports on CWD. Peel Hunt decreased their target price on Countrywide from GBX 145 ($1.97) to GBX 115 ($1.56) and set a “reduce” rating on the stock in a research report on Wednesday, September 27th. Credit Suisse Group reiterated an “underperform” rating and issued a GBX 111 ($1.51) target price on shares of Countrywide in a research report on Thursday, October 26th. Finally, Citigroup reiterated a “neutral” rating and issued a GBX 125 ($1.70) target price on shares of Countrywide in a research report on Tuesday, October 31st. Four analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Countrywide currently has a consensus rating of “Hold” and an average target price of GBX 136.75 ($1.85).
Countrywide (LON:CWD) opened at GBX 135.80 ($1.84) on Friday. Countrywide has a 12-month low of GBX 105.25 ($1.43) and a 12-month high of GBX 199.50 ($2.71). The stock has a market capitalization of $323.11 and a PE ratio of -6,790.00.
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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