Countrywide (LON:CWD) PT Lowered to GBX 6 at Berenberg Bank

Countrywide (LON:CWD) had its price objective trimmed by Berenberg Bank from GBX 10 ($0.13) to GBX 6 ($0.08) in a report released on Tuesday morning, Digital Look reports. The firm currently has a buy rating on the stock.

Several other brokerages also recently issued reports on CWD. Peel Hunt reiterated a sell rating on shares of Countrywide in a report on Tuesday, August 20th. Jefferies Financial Group reiterated a hold rating on shares of Countrywide in a report on Tuesday, June 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 10 ($0.13).

CWD stock opened at GBX 4.49 ($0.06) on Tuesday. The company has a market cap of $73.55 million and a price-to-earnings ratio of -1.28. 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 business has a fifty day simple moving average of GBX 4.96 and a 200-day simple moving average of GBX 6.27. Countrywide has a 52 week low of GBX 3.10 ($0.04) and a 52 week high of GBX 12.40 ($0.16).

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.

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Analyst Recommendations for Countrywide (LON:CWD)

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