Jefferies Group Reaffirms “Hold” Rating for Countrywide PLC (CWD)
Jefferies Group reiterated their hold rating on shares of Countrywide PLC (LON:CWD) in a research note released on Thursday morning. The brokerage currently has a GBX 180 ($2.23) price objective on the stock.
Several other analysts have also recently commented on the stock. Credit Suisse Group AG reiterated a neutral rating and issued a GBX 288 ($3.57) price objective on shares of Countrywide PLC in a research note on Monday, August 1st. Barclays PLC reduced their price objective on shares of Countrywide PLC from GBX 400 ($4.96) to GBX 250.50 ($3.11) and set an equal weight rating for the company in a research note on Thursday, September 22nd. Peel Hunt reiterated a hold rating and issued a GBX 400 ($4.96) price objective on shares of Countrywide PLC in a research note on Thursday, July 28th. Finally, Numis Securities Ltd upgraded shares of Countrywide PLC to an add rating and reduced their price objective for the company from GBX 416 ($5.16) to GBX 286 ($3.55) in a research note on Thursday, July 28th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The stock currently has an average rating of Hold and a consensus price target of GBX 225.56 ($2.80).
Shares of Countrywide PLC (LON:CWD) opened at 171.05 on Thursday. The stock’s market cap is GBX 372.74 million. The stock has a 50 day moving average of GBX 193.20 and a 200 day moving average of GBX 254.54. Countrywide PLC has a 1-year low of GBX 164.20 and a 1-year high of GBX 428.40.
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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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