Countrywide (CWD) Receives “Equal Weight” Rating from Barclays

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Countrywide (LON:CWD)‘s stock had its “equal weight” rating reiterated by equities research analysts at Barclays in a report issued on Friday. They presently have a GBX 12 ($0.16) price objective on the stock. Barclays’ target price would suggest a potential upside of 9.09% from the company’s current price.

A number of other research analysts also recently commented on CWD. Numis Securities downgraded shares of Countrywide to a “hold” rating and lowered their price objective for the company from GBX 89 ($1.16) to GBX 38 ($0.50) in a research report on Tuesday, June 26th. Citigroup reissued a “neutral” rating on shares of Countrywide in a research report on Friday, July 13th. Peel Hunt reissued a “hold” rating and issued a GBX 12 ($0.16) target price on shares of Countrywide in a research report on Wednesday, October 3rd. Finally, Credit Suisse Group raised shares of Countrywide to a “neutral” rating and decreased their target price for the stock from GBX 77 ($1.01) to GBX 17.20 ($0.22) in a research report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 54.89 ($0.72).

Shares of CWD opened at GBX 11 ($0.14) on Friday. Countrywide has a 52 week low of GBX 66.64 ($0.87) and a 52 week high of GBX 189.25 ($2.47).

In other Countrywide news, insider Natalie Ceeney bought 101,514 shares of the firm’s stock in a transaction on Monday, September 24th. The stock was bought at an average cost of GBX 12 ($0.16) per share, with a total value of £12,181.68 ($15,917.52).

About Countrywide

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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Analyst Recommendations for Countrywide (LON:CWD)

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