Ratings Change: Does Countrywide Plc (LON:CWD) Look Bad? Numis Downgrades It

November 25, 2016 - By Hazel Jackson

Countrywide Plc (LON:CWD) Downgrade

Countrywide Plc (LON:CWD)‘s rating was lowered by professional analysts at Numis to a “Hold” rating in a an analyst report released on Friday morning. The firm now has a GBX 175.00 PT on the stock. Numis’s PT gives a potential upside of 3.18%.

Countrywide PLC (LON:CWD) Ratings Coverage

Out of 10 analysts covering Countrywide Plc (LON:CWD), 0 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 0 are positive. GBX 622 is the highest target while GBX 170 is the lowest. The GBX 318.65 average target is 82.98% above today’s (GBX 174.14) stock price. Countrywide Plc has been the topic of 30 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The rating was downgraded by Citigroup on Friday, November 20 to “Neutral”. As per Thursday, July 28, the company rating was upgraded by Numis Securities. Credit Suisse maintained the shares of CWD in a report on Thursday, November 5 with “Neutral” rating. The stock has “Hold” rating given by Numis Securities on Thursday, July 30. The stock has “Hold” rating given by Jefferies on Thursday, November 24. On Friday, March 11 the stock rating was maintained by Barclays Capital with “Equal Weight”. The firm earned “Buy” rating on Thursday, February 4 by Jefferies. The rating was maintained by Citigroup with “Neutral” on Tuesday, May 10. Barclays Capital maintained the stock with “Equal Weight” rating in Thursday, September 22 report. Citigroup maintained the shares of CWD in a report on Wednesday, October 14 with “Buy” rating.

About 676,448 shares traded hands. Countrywide PLC (LON:CWD) has declined 53.68% since April 27, 2016 and is downtrending. It has underperformed by 59.09% the S&P500.

Countrywide plc is a property services company. The company has a market cap of 376.71 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 7.25 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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