Peel Hunt Reiterates “Reduce” Rating for Countrywide (CWD)
Countrywide (LON:CWD)‘s stock had its “reduce” rating restated by analysts at Peel Hunt in a research note issued on Thursday. They presently have a GBX 115 ($1.56) price objective on the stock. Peel Hunt’s price target would indicate a potential upside of 4.55% from the company’s previous close.
Other research analysts also recently issued reports about the company. Citigroup reiterated a “neutral” rating and set a GBX 125 ($1.70) price objective on shares of Countrywide in a research note on Tuesday, October 31st. Berenberg Bank reiterated a “sell” rating and set a GBX 95 ($1.29) price objective on shares of Countrywide in a research note on Friday, January 12th. Finally, Credit Suisse Group reiterated an “underperform” rating and set a GBX 111 ($1.51) price objective on shares of Countrywide in a research note on Thursday, October 26th. Four investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. Countrywide presently has a consensus rating of “Hold” and an average price target of GBX 136.75 ($1.85).
Shares of Countrywide (CWD) traded down GBX 25.20 ($0.34) during trading hours on Thursday, hitting GBX 110 ($1.49). The company had a trading volume of 1,210,000 shares, compared to its average volume of 124,949. The company has a market cap of $261.72 and a P/E ratio of -5,500.00. Countrywide has a 52 week low of GBX 105.25 ($1.43) and a 52 week high of GBX 199.50 ($2.71).
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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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