The stock of Countrywide PLC (LON:CWD) hit a new 52-week low and has GBX 153.19 target or 9.00% below today’s GBX 168.34 share price. The 9 months bearish chart indicates high risk for the GBX 364.16 million company. The 1-year low was reported on Nov, 25 by Barchart.com. If the GBX 153.19 price target is reached, the company will be worth GBX 32.77M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 0.68% or GBX 1.16 on November 25, hitting GBX 168.34. About 2.07 million shares traded hands or 196.26% up from the average. Countrywide PLC (LON:CWD) has declined 51.10% since April 28, 2016 and is downtrending. It has underperformed by 56.51% the S&P500.
Countrywide PLC (LON:CWD) Ratings Coverage
Out of 10 analysts covering Countrywide Plc (LON:CWD), 0 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 0 are positive. Countrywide Plc has been the topic of 30 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Credit Suisse maintained Countrywide PLC (LON:CWD) rating on Friday, July 31. Credit Suisse has “Neutral” rating and GBX 505 price target. Citigroup downgraded the shares of CWD in a report on Friday, November 20 to “Neutral” rating. On Thursday, February 4 the stock rating was maintained by Jefferies with “Buy”. Barclays Capital maintained the stock with “Equal Weight” rating in Friday, March 11 report. Jefferies downgraded Countrywide PLC (LON:CWD) on Tuesday, October 25 to “Hold” rating. The firm has “Buy” rating by Citigroup given on Wednesday, October 14. The stock of Countrywide PLC (LON:CWD) has “Hold” rating given on Thursday, February 25 by Peel Hunt. The company was maintained on Monday, February 8 by Peel Hunt. The rating was maintained by UBS on Friday, November 6 with “Neutral”. The rating was maintained by Goldman Sachs with “Neutral” on Friday, November 6.
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 364.16 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 7.01 P/E ratio. It operates through four divisions: Retail, London, Financial Services and Business to Business .
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