Countrywide (CWD) Shares Up 6%
Countrywide PLC (LON:CWD) shares shot up 6% during mid-day trading on Thursday . The company traded as high as GBX 10.30 ($0.13) and last traded at GBX 9.98 ($0.13). 661,529 shares traded hands during mid-day trading, an increase of 123% from the average session volume of 296,556 shares. The stock had previously closed at GBX 9.42 ($0.12).
A number of research firms have recently issued reports on CWD. Barclays restated an “equal weight” rating and issued a GBX 12 ($0.16) price target on shares of Countrywide in a research report on Friday, October 12th. Peel Hunt reiterated a “hold” rating and issued a GBX 12 ($0.16) price objective on shares of Countrywide in a research report on Wednesday, October 3rd. Finally, Credit Suisse Group upgraded shares of Countrywide to a “neutral” rating and cut their price objective for the company from GBX 77 ($1.01) to GBX 17.20 ($0.22) in a research report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Countrywide presently has a consensus rating of “Hold” and a consensus target price of GBX 43.20 ($0.56).
In related news, insider Natalie Ceeney bought 101,514 shares of the stock in a transaction on Monday, September 24th. The shares were purchased at an average price of GBX 12 ($0.16) per share, with a total value of £12,181.68 ($15,917.52).
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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.
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