The stock of Countrywide PLC (LON:CWD) hit a new 52-week low and has GBX 163.75 target or 6.00% below today’s GBX 174.20 share price. The 9 months bearish chart indicates high risk for the GBX 376.83 million company. The 1-year low was reported on Nov, 28 by Barchart.com. If the GBX 163.75 price target is reached, the company will be worth GBX 22.61 million 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 2.13% or GBX 3.8 on November 28, hitting GBX 174.2. About 779,723 shares traded hands. Countrywide PLC (LON:CWD) has declined 51.10% since April 28, 2016 and is downtrending. It has underperformed by 57.11% 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. GBX 622 is the highest target while GBX 170 is the lowest. The GBX 318.65 average target is 82.92% above today’s (GBX 174.2) stock price. Countrywide Plc has been the topic of 30 analyst reports since July 30, 2015 according to StockzIntelligence Inc. On Tuesday, November 1 the stock rating was maintained by Jefferies with “Hold”. The firm earned “Buy” rating on Tuesday, June 7 by Jefferies. The rating was maintained by Peel Hunt with “Hold” on Wednesday, November 4. Goldman Sachs maintained the stock with “Neutral” rating in Wednesday, September 9 report. The firm earned “Hold” rating on Wednesday, November 4 by Numis Securities. As per Thursday, November 24, the company rating was maintained by Peel Hunt. The stock of Countrywide PLC (LON:CWD) has “Hold” rating given on Friday, November 25 by Numis Securities. The firm has “Add” rating by Numis Securities given on Thursday, July 28. Whitman Howard maintained Countrywide PLC (LON:CWD) rating on Monday, February 15. Whitman Howard has “Sell” rating and GBX 273 price target. The firm has “Equal Weight” rating given on Thursday, September 22 by Barclays Capital.
More recent Countrywide PLC (LON:CWD) news were published by: Wsj.com which released: “UK Property-Services Firm Countrywide Offers Fixed-Rate Online Service” on June 06, 2016. Also Marketwatch.com published the news titled: “Countrywide future growth dented by Brexit” on July 28, 2016. Bloomberg.com‘s news article titled: “Countrywide Falls to Lowest Since 2013 as Housing Market Weakens” with publication date: November 24, 2016 was also an interesting one.
Countrywide plc is a property services company. The company has a market cap of 376.83 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 7.25 P/E ratio. It operates through four divisions: Retail, London, Financial Services and Business to Business .
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