Does Countrywide PLC Have Any Gas After Today’s Huge Decline?

 Does Countrywide PLC Have Any Gas After Today's Huge Decline?

The stock of Countrywide PLC (LON:CWD) is a huge mover today! The stock decreased 11.19% or GBX 21.69 on November 24, hitting GBX 172.21. About 2.99M shares traded hands or 362.11% up from the average. Countrywide PLC (LON:CWD) has declined 46.98% since April 26, 2016 and is downtrending. It has underperformed by 52.39% the S&P500.
The move comes after 9 months negative chart setup for the GBX 374.57M company. It was reported on Nov, 24 by Barchart.com. We have GBX 167.04 PT which if reached, will make LON:CWD worth GBX 11.24M less.

Countrywide PLC (LON:CWD) Ratings Coverage

Out of 10 analysts covering Countrywide Plc (LON:CWD), 1 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 10% are positive. Countrywide Plc has been the topic of 29 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The rating was maintained by Barclays Capital on Friday, March 11 with “Equal Weight”. UBS maintained Countrywide PLC (LON:CWD) rating on Friday, November 6. UBS has “Neutral” rating and GBX 442 price target. Peel Hunt upgraded it to “Hold” rating and GBX 400 target price in Friday, January 8 report. The firm earned “Neutral” rating on Friday, November 6 by Goldman Sachs. On Thursday, November 24 the stock rating was maintained by Jefferies with “Hold”. The stock of Countrywide PLC (LON:CWD) earned “Neutral” rating by Citigroup on Tuesday, May 10. The firm has “Neutral” rating by UBS given on Tuesday, September 6. Credit Suisse maintained Countrywide PLC (LON:CWD) on Friday, July 31 with “Neutral” rating. Jefferies maintained it with “Buy” rating and GBX 600 target price in Thursday, February 4 report. The stock has “Hold” rating given by Panmure Gordon on Thursday, July 30.

More recent Countrywide PLC (LON:CWD) news were published by: Bloomberg.com which released: “Countrywide Falls to Lowest Since 2013 as Housing Market Weakens” on November 24, 2016. Also Wsj.com published the news titled: “UK Property-Services Firm Countrywide Offers Fixed-Rate Online Service” on June 06, 2016. Marketwatch.com‘s news article titled: “Countrywide future growth dented by Brexit” with publication date: July 28, 2016 was also an interesting one.

Countrywide plc is a property services company. The company has a market cap of 374.57 million GBP. The Firm provides residential development and consultancy practices, surveying services, conveyancing services, corporate property services, leasehold estate management and auctions. It has a 7.17 P/E ratio. It operates through four divisions: Retail, London, Financial Services and Business to Business .

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