Ratings Don’t Lie: Jefferies International Reiterates a “Hold” Rating on Countrywide Plc (LON:CWD) and GBX 180.00 Target

November 24, 2016 - By Nellie Frank

Countrywide Plc (LON:CWD) Rating

In analysts report shared with investors on 24 November, Countrywide Plc (LON:CWD) stock had its “Hold” Rating reaffirmed by stock research analysts at Jefferies International. They currently have a GBX 180.00 target price on firm. Jefferies International’s target gives a potential upside of 2.65% from the company’s current price.

Countrywide PLC (LON:CWD) Ratings Coverage

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 88.22% above today’s (GBX 175.19) stock price. Countrywide Plc has been the topic of 29 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm earned “Equal Weight” rating on Friday, March 11 by Barclays Capital. The stock has “Hold” rating given by Peel Hunt on Wednesday, November 4. The firm earned “Hold” rating on Thursday, July 28 by Peel Hunt. UBS maintained it with “Neutral” rating and GBX 250 target price in Tuesday, September 6 report. The firm has “Neutral” rating given on Friday, February 19 by Credit Suisse. The firm earned “Buy” rating on Wednesday, October 14 by Citigroup. The rating was upgraded by Peel Hunt to “Hold” on Friday, January 8. Barclays Capital maintained Countrywide PLC (LON:CWD) on Thursday, September 22 with “Equal Weight” rating. Jefferies maintained Countrywide PLC (LON:CWD) on Thursday, February 4 with “Buy” rating. The firm has “Neutral” rating by Goldman Sachs given on Friday, November 6.

About 1.48M shares traded hands or 128.74% 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 381.05 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 7.29 P/E ratio. It operates through four divisions: Retail, London, Financial Services and Business to Business .

More important 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 Thestreet.com published article titled: “Countrywide Stock Falls to Record Low as Brexit, Rule Changes Hit Hard”, Wsj.com published: “UK Property-Services Firm Countrywide Offers Fixed-Rate Online Service” on June 06, 2016. More interesting news about Countrywide PLC (LON:CWD) was released by: Marketwatch.com and their article: “Countrywide future growth dented by Brexit” with publication date: July 28, 2016.

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