Countrywide PLC (LON:CWD) has earned a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is GBX 91 ($1.26).
A number of brokerages have issued reports on CWD. Berenberg Bank reaffirmed a “sell” rating and set a GBX 95 ($1.31) target price on shares of Countrywide in a research report on Friday, January 12th. Peel Hunt reaffirmed a “reduce” rating and set a GBX 115 ($1.59) target price on shares of Countrywide in a research report on Wednesday, January 24th. Credit Suisse Group decreased their target price on Countrywide from GBX 111 ($1.53) to GBX 77 ($1.06) and set an “underperform” rating for the company in a research report on Tuesday, March 13th. Numis Securities reaffirmed a “hold” rating and set a GBX 110 ($1.52) target price on shares of Countrywide in a research report on Friday, January 19th. Finally, Jefferies Group decreased their target price on Countrywide from GBX 125 ($1.73) to GBX 85 ($1.17) and set a “hold” rating for the company in a research report on Thursday, March 8th.
In related news, insider Himanshu Raja bought 100,000 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was purchased at an average price of GBX 88 ($1.22) per share, with a total value of £88,000 ($121,580.55).
Shares of LON CWD remained flat at $GBX 105.60 ($1.46) during trading hours on Monday. Countrywide has a 52 week low of GBX 66.64 ($0.92) and a 52 week high of GBX 189.25 ($2.61).
Countrywide (LON:CWD) last announced its quarterly earnings results on Thursday, March 8th. The company reported GBX 8.40 ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 12.50 ($0.17) by GBX (4.10) (($0.06)). The company had revenue of £661.05 million during the quarter.
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Countrywide plc, together with its subsidiaries, provides residential estate agency and property services in the United Kingdom. It operates through four segments: Retail, London, Financial Services, and B2B. The company offers surveying services, including valuation panel management services, residential valuations, and surveys for mortgage lenders; 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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