Countrywide PLC (LON:CWD) Receives GBX 320.69 Average PT from Analysts

Shares of Countrywide PLC (LON:CWD) have received an average recommendation of “Hold” from the eight analysts that are currently covering the company. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 320.69 ($4.19).

Several analysts have recently weighed in on CWD shares. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a GBX 288 ($3.76) target price on shares of Countrywide PLC in a report on Monday, August 1st. Goldman Sachs Group Inc. reaffirmed a “sell” rating and issued a GBX 218 ($2.85) target price on shares of Countrywide PLC in a report on Tuesday, June 28th. Barclays PLC decreased their price objective on shares of Countrywide PLC from GBX 400 ($5.22) to GBX 250.50 ($3.27) and set an “equal weight” rating on the stock in a report on Thursday, September 22nd. Peel Hunt reissued a “hold” rating and set a GBX 400 ($5.22) price objective on shares of Countrywide PLC in a report on Thursday, July 28th. Finally, Numis Securities Ltd raised shares of Countrywide PLC to an “add” rating and decreased their price objective for the stock from GBX 416 ($5.43) to GBX 286 ($3.73) in a report on Thursday, July 28th.

Shares of Countrywide PLC (LON:CWD) opened at 216.60 on Tuesday. Countrywide PLC has a 12-month low of GBX 209.18 and a 12-month high of GBX 514.00. The firm has a 50-day moving average of GBX 243.22 and a 200-day moving average of GBX 304.77. The firm’s market cap is GBX 472.00 million.

The firm also recently declared a dividend, which will be paid on Friday, October 7th. Shareholders of record on Thursday, September 8th will be issued a GBX 5 ($0.07) dividend. This represents a dividend yield of 1.9%. The ex-dividend date is Thursday, September 8th.

About Countrywide PLC

Countrywide plc is an integrated residential estate agency and property services group in the United Kingdom. The Company offers estate agency and lettings services, together with a range of complementary services. The Company operates in five businesses: residential property sales; residential property lettings and property management; arranging mortgages, insurance and related financial products (provided by third parties) for participants in residential property transactions; surveying and valuation services for mortgage lenders and prospective homebuyers, and residential property conveyance services.

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