Countrywide (LON:CWD) Stock Price Crosses Below 200 Day Moving Average of $5.40

Countrywide PLC (LON:CWD) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.40 and traded as low as $4.03. Countrywide shares last traded at $4.30, with a volume of 3,545,983 shares.

Several research analysts have commented on CWD shares. Jefferies Financial Group restated a “hold” rating on shares of Countrywide in a research note on Tuesday, June 25th. Berenberg Bank cut their target price on Countrywide from GBX 10 ($0.13) to GBX 6 ($0.08) and set a “buy” rating for the company in a research note on Tuesday, September 10th. Finally, Peel Hunt restated a “sell” rating on shares of Countrywide in a research note on Tuesday, August 20th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. Countrywide presently has a consensus rating of “Hold” and a consensus price target of GBX 9 ($0.12).

The firm has a 50 day simple moving average of GBX 4.38 and a 200 day simple moving average of GBX 5.40. The company has a debt-to-equity ratio of 182.77, a quick ratio of 0.74 and a current ratio of 0.91. The firm has a market cap of $70.44 million and a P/E ratio of -1.23.

About Countrywide (LON:CWD)

Countrywide plc, together with its subsidiaries, provides residential estate agency and property services in the United Kingdom. It operates through 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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