Brokerages Set Countrywide PLC (CWD) Target Price at $48.40
Shares of Countrywide PLC (LON:CWD) have earned a consensus rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 48.40 ($0.63).
A number of equities research analysts have recently weighed in on CWD shares. Credit Suisse Group raised shares of Countrywide to a “neutral” rating and dropped their price objective for the company from GBX 77 ($1.01) to GBX 17.20 ($0.22) in a report on Wednesday, August 8th. Peel Hunt reissued a “hold” rating and set a GBX 12 ($0.16) price objective on shares of Countrywide in a report on Wednesday, October 3rd. Finally, Barclays reissued an “equal weight” rating and set a GBX 12 ($0.16) price objective on shares of Countrywide in a report on Friday, October 12th.
In other Countrywide news, insider Natalie Ceeney purchased 101,514 shares of the stock in a transaction on Monday, September 24th. The shares were bought at an average cost of GBX 12 ($0.16) per share, with a total value of £12,181.68 ($15,917.52).
Countrywide Company Profile
Countrywide plc, together with its subsidiaries, provides residential estate agency and property services in the United Kingdom. It operates through UK Sales and Lettings, London Sales and Lettings, Financial Services, and Business to Business (B2B) segments. The company offers surveying services, including valuation panel management services, residential valuations, and surveys for mortgage lenders; provides leasehold, commercial, relocation, and residential property management services; and sells residential, commercial, industrial, and agricultural properties, as well as land through public auction.
See Also: Ex-Dividend
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