Trade Report: The Peel Hunt Downgraded Countrywide PLC (CWD) Price Target to GBX 170

The Peel Hunt Downgraded Countrywide PLC (CWD) Price Target to GBX 170

Countrywide PLC (LON:CWD) had its target price lowered by analysts at Peel Hunt from GBX 250 ($3.12) to GBX 170 ($2.12) in a research report issued to clients and investors on Thursday. The firm currently has a “hold” rating on the stock. Peel Hunt’s price objective points to a potential upside of 0.98% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Numis Securities Ltd raised shares of Countrywide PLC to an “add” rating and cut their price objective for the stock from GBX 416 ($5.20) to GBX 286 ($3.57) in a report on Thursday, July 28th. Barclays PLC cut their price objective on shares of Countrywide PLC from GBX 400 ($5.00) to GBX 250.50 ($3.13) and set an “equal weight” rating on the stock in a report on Thursday, September 22nd. Jefferies Group reaffirmed a “hold” rating and set a GBX 180 ($2.25) price objective on shares of Countrywide PLC in a report on Thursday. Finally, Credit Suisse Group AG reaffirmed a “neutral” rating and set a GBX 288 ($3.60) price objective on shares of Countrywide PLC in a report on Monday, August 1st. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Countrywide PLC currently has an average rating of “Hold” and a consensus price target of GBX 225.56 ($2.82).

Countrywide PLC (LON:CWD) opened at 176.00 on Thursday. The firm’s market capitalization is GBX 383.53 million. Countrywide PLC has a 1-year low of GBX 164.20 and a 1-year high of GBX 428.40. The company has a 50 day moving average of GBX 194.37 and a 200 day moving average of GBX 257.23.

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