Numis Securities Cuts Countrywide (CWD) Price Target to GBX 89

Countrywide (LON:CWD) had its price target trimmed by Numis Securities from GBX 110 ($1.52) to GBX 89 ($1.23) in a research note issued to investors on Friday. The brokerage currently has a hold rating on the stock.

Several other research analysts also recently commented on the stock. Peel Hunt reissued a reduce rating and set a GBX 115 ($1.59) price objective on shares of Countrywide in a report on Thursday, November 9th. Berenberg Bank reissued a sell rating and set a GBX 95 ($1.31) price objective on shares of Countrywide in a report on Friday, January 12th. Finally, Jefferies Group dropped their price objective on shares of Countrywide from GBX 125 ($1.73) to GBX 85 ($1.17) and set a hold rating for the company in a report on Thursday, March 8th. Three research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of GBX 104.29 ($1.44).

Countrywide (CWD) opened at GBX 83.40 ($1.15) on Friday. Countrywide has a 1-year low of GBX 66.64 ($0.92) and a 1-year high of GBX 189.25 ($2.61). The firm has a market cap of $198.43 and a price-to-earnings ratio of -94.77.

Countrywide (LON:CWD) last released its quarterly earnings data on Thursday, March 8th. The company reported GBX 8.40 ($0.12) EPS for the quarter, missing the consensus estimate of GBX 12.50 ($0.17) by GBX (4.10) (($0.06)). The business had revenue of £661.05 million for the quarter.

In related news, insider Himanshu Raja acquired 100,000 shares of the company’s stock in a transaction on Friday, March 9th. The stock was acquired at an average price of GBX 88 ($1.22) per share, with a total value of £88,000 ($121,580.55).

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Countrywide Company Profile

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.

Analyst Recommendations for Countrywide (LON:CWD)

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