November 24, 2016 - By Dolores Ford
London: In a research report released on 24 November, Peel Hunt reconfirmed their “Hold” rating on shares of Countrywide Plc (LON:CWD). They currently have a GBX 170.00 target price on the company. Peel Hunt’s target suggests a potential downside of -3.05% from the company’s last close price.
Out of 10 analysts covering Countrywide Plc (LON:CWD), 1 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 10% are positive. GBX 622 is the highest target while GBX 170 is the lowest. The GBX 329.75 average target is 91.73% above today’s (GBX 171.99) stock price. Countrywide Plc has been the topic of 29 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Friday, November 6 by UBS. The stock has “Hold” rating given by Panmure Gordon on Thursday, July 30. As per Friday, July 31, the company rating was maintained by Credit Suisse. The company was maintained on Tuesday, November 1 by Jefferies. The firm has “Hold” rating by Peel Hunt given on Wednesday, November 4. Peel Hunt maintained the stock with “Hold” rating in Thursday, February 25 report. Goldman Sachs maintained it with “Neutral” rating and GBX 506 target price in Friday, November 6 report. Credit Suisse maintained Countrywide PLC (LON:CWD) rating on Thursday, November 5. Credit Suisse has “Neutral” rating and GBX 442 price target. Citigroup maintained it with “Buy” rating and GBX 615 target price in Wednesday, October 14 report. Peel Hunt maintained the stock with “Hold” rating in Thursday, November 24 report.
About 1.55 million shares traded hands or 139.56% up from the average. Countrywide PLC (LON:CWD) has declined 46.98% since April 26, 2016 and is downtrending. It has underperformed by 52.39% the S&P500.
Countrywide plc is a property services company. The company has a market cap of 374.09 million GBP. The Firm provides residential development and consultancy practices, surveying services, conveyancing services, corporate property services, leasehold estate management and auctions. It has a 7.16 P/E ratio. It operates through four divisions: Retail, London, Financial Services and Business to Business .
More recent Countrywide PLC (LON:CWD) news were published by: Bloomberg.com which released: “Countrywide Falls to Lowest Since 2013 as Housing Market Weakens” on November 24, 2016. Also Wsj.com published the news titled: “UK Property-Services Firm Countrywide Offers Fixed-Rate Online Service” on June 06, 2016. Marketwatch.com‘s news article titled: “Countrywide future growth dented by Brexit” with publication date: July 28, 2016 was also an interesting one.
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By Dolores Ford