Credit Suisse Group Lowers Countrywide PLC (CWD) to Underperform

Countrywide PLC (LON:CWD) was downgraded by Credit Suisse Group to an “underperform” rating in a report issued on Monday. They currently have a GBX 111 ($1.50) price target on the stock, down from their prior price target of GBX 288 ($3.88). Credit Suisse Group’s target price would suggest a potential downside of 8.64% from the company’s current price.

CWD has been the subject of a number of other research reports. Jefferies Group LLC reissued a “hold” rating and set a GBX 150 ($2.02) target price on shares of Countrywide PLC in a report on Friday, July 28th. Peel Hunt reissued a “reduce” rating and set a GBX 165 ($2.22) target price on shares of Countrywide PLC in a report on Thursday, June 22nd. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 158.43 ($2.14).

Countrywide PLC (LON:CWD) opened at 121.50 on Monday. The firm’s market cap is GBX 277.61 million. The stock has a 50 day moving average of GBX 143.61 and a 200-day moving average of GBX 158.93. Countrywide PLC has a 52 week low of GBX 120.75 and a 52 week high of GBX 231.97.

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In other news, insider Himanshu Raja bought 10,592 shares of the company’s stock in a transaction dated Wednesday, September 6th. The stock was bought at an average price of GBX 135 ($1.82) per share, with a total value of £14,299.20 ($19,278.95). Insiders have bought 100,295 shares of company stock valued at $13,545,101 in the last three months.

About Countrywide PLC

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 PLC (LON:CWD)

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