Brokerages Set Countrywide PLC (CWD) Target Price at $48.40

Shares of Countrywide PLC (LON:CWD) have been given an average rating of “Hold” by the seven brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 48.40 ($0.63).

Several equities research analysts have recently issued reports on the stock. Citigroup reiterated a “neutral” rating on shares of Countrywide in a research report on Friday, July 13th. Credit Suisse Group raised shares of Countrywide to a “neutral” rating and cut their target price for the company from GBX 77 ($1.01) to GBX 17.20 ($0.22) in a report on Wednesday, August 8th. Barclays reissued an “equal weight” rating and issued a GBX 12 ($0.16) target price on shares of Countrywide in a report on Friday, October 12th. Finally, Peel Hunt reissued an “under review” rating on shares of Countrywide in a report on Tuesday, July 24th.

In other Countrywide news, insider Natalie Ceeney bought 101,514 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The stock was purchased at an average cost of GBX 12 ($0.16) per share, with a total value of £12,181.68 ($15,917.52).

Countrywide stock opened at GBX 10.46 ($0.14) on Tuesday. Countrywide has a 1 year low of GBX 66.64 ($0.87) and a 1 year high of GBX 189.25 ($2.47).

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.

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Analyst Recommendations for Countrywide (LON:CWD)

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