Credit Suisse Group Upgrades Countrywide (CWD) to “Neutral”
Countrywide (LON:CWD) was upgraded by analysts at Credit Suisse Group to a “neutral” rating in a report released on Wednesday. The brokerage presently has a GBX 17.20 ($0.22) price target on the stock, down from their previous price target of GBX 77 ($1.00). Credit Suisse Group’s target price suggests a potential upside of 20.28% from the company’s previous close.
CWD has been the topic of several other reports. Peel Hunt reiterated a “reduce” rating and set a GBX 80 ($1.04) price target on shares of Countrywide in a research note on Wednesday, April 25th. Numis Securities lowered shares of Countrywide to a “hold” rating and cut their price target for the stock from GBX 89 ($1.15) to GBX 38 ($0.49) in a research note on Tuesday, June 26th. Finally, Citigroup reiterated a “neutral” rating on shares of Countrywide in a research note on Friday, July 13th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 73.37 ($0.95).
Countrywide opened at GBX 14.30 ($0.19) on Wednesday, MarketBeat reports. Countrywide has a 12-month low of GBX 66.64 ($0.86) and a 12-month high of GBX 189.25 ($2.45).
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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