Peel Hunt Reiterates “Reduce” Rating for Countrywide (CWD)

Countrywide (LON:CWD)‘s stock had its “reduce” rating reissued by equities researchers at Peel Hunt in a research note issued to investors on Wednesday. They currently have a GBX 115 ($1.56) price objective on the stock. Peel Hunt’s price objective indicates a potential upside of 12.52% from the company’s current price.

A number of other equities research analysts have also issued reports on the company. Numis Securities reaffirmed a “hold” rating and set a GBX 110 ($1.49) target price on shares of Countrywide in a research report on Friday, January 19th. Berenberg Bank initiated coverage on Countrywide in a research report on Thursday, October 12th. They set a “sell” rating and a GBX 95 ($1.29) target price on the stock. Credit Suisse Group reaffirmed an “underperform” rating and set a GBX 111 ($1.51) target price on shares of Countrywide in a research report on Thursday, October 26th. Finally, Citigroup reaffirmed a “neutral” rating and set a GBX 125 ($1.70) target price on shares of Countrywide in a research report on Tuesday, October 31st. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 122.29 ($1.66).

Shares of Countrywide (CWD) traded up GBX 0.20 ($0.00) during trading on Wednesday, hitting GBX 102.20 ($1.39). The stock had a trading volume of 765,165 shares, compared to its average volume of 229,571. The firm has a market capitalization of $243.17 and a price-to-earnings ratio of -5,110.00. Countrywide has a twelve month low of GBX 97.36 ($1.32) and a twelve month high of GBX 199.50 ($2.71).

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About Countrywide

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.

Analyst Recommendations for Countrywide (LON:CWD)

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