Countrywide (CWD) Hits New 1-Year Low at $104.20
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.
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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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