Countrywide’s (CWD) “Buy” Rating Reaffirmed at Berenberg Bank

Countrywide (LON:CWD)‘s stock had its “buy” rating reiterated by equities research analysts at Berenberg Bank in a report released on Tuesday, Digital Look reports. They currently have a GBX 10 ($0.13) target price on the stock. Berenberg Bank’s price target suggests a potential upside of 109.64% from the company’s previous close.

A number of other research firms also recently commented on CWD. Peel Hunt reaffirmed a “sell” rating on shares of Countrywide in a research note on Monday, July 29th. Jefferies Financial Group reissued a “hold” rating on shares of Countrywide in a research report on Tuesday, June 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 11.33 ($0.15).

Shares of LON CWD traded down GBX 0.21 ($0.00) on Tuesday, reaching GBX 4.77 ($0.06). 650,859 shares of the company traded hands, compared to its average volume of 296,556. Countrywide has a fifty-two week low of GBX 3.10 ($0.04) and a fifty-two week high of GBX 15.60 ($0.20). The firm’s 50 day moving average is GBX 4.96. The company has a quick ratio of 0.74, a current ratio of 0.91 and a debt-to-equity ratio of 182.77. The company has a market capitalization of $79.04 million and a PE ratio of -1.36.

About Countrywide

Countrywide plc, together with its subsidiaries, provides residential estate agency and property services in the United Kingdom. It operates through 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.

Read More: Balanced Fund

Analyst Recommendations for Countrywide (LON:CWD)

Receive News & Ratings for Countrywide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Countrywide and related companies with's FREE daily email newsletter.