Countrywide PLC (LON:CWD) hit a new 52-week low during trading on Friday . The company traded as low as GBX 104.20 ($1.41) and last traded at GBX 106.80 ($1.45), with a volume of 498994 shares trading hands. The stock had previously closed at GBX 106.80 ($1.45).

A number of equities research analysts have commented on CWD shares. Credit Suisse Group cut Countrywide to an “underperform” rating and lowered their target price for the company from GBX 288 ($3.91) to GBX 111 ($1.51) in a report on Monday, September 25th. Peel Hunt lowered their target price on Countrywide from GBX 145 ($1.97) to GBX 115 ($1.56) and set a “reduce” rating on the stock in a report on Wednesday, September 27th. Berenberg Bank started coverage on Countrywide in a report on Thursday, October 12th. They set a “sell” rating and a GBX 95 ($1.29) target price on the stock. Citigroup reiterated a “neutral” rating and set a GBX 125 ($1.70) target price on shares of Countrywide in a report on Tuesday, October 31st. Finally, Numis Securities reissued a “hold” rating and set a GBX 110 ($1.49) price target on shares of Countrywide in a research note on Friday. Four equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 128.63 ($1.74).

The stock has a market capitalization of $254.11 and a P/E ratio of -5,340.00.

WARNING: This piece was reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright law. The correct version of this piece can be read at

About Countrywide

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.

Receive News & Ratings for Countrywide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Countrywide and related companies with's FREE daily email newsletter.