Himanshu Raja Buys 100,000 Shares of Countrywide PLC (CWD) Stock

Countrywide PLC (LON:CWD) insider Himanshu Raja purchased 100,000 shares of Countrywide stock in a transaction that occurred on Friday, March 9th. The shares were bought at an average cost of GBX 88 ($1.22) per share, with a total value of £88,000 ($121,580.55).

Countrywide stock remained flat at $GBX 105.60 ($1.46) during mid-day trading on Monday. Countrywide PLC has a fifty-two week low of GBX 66.64 ($0.92) and a fifty-two week high of GBX 189.25 ($2.61).

Countrywide (LON:CWD) last issued its quarterly earnings results on Thursday, March 8th. The company reported GBX 8.40 ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 12.50 ($0.17) by GBX (4.10) (($0.06)). The firm had revenue of £661.05 million during the quarter.

Several research analysts recently commented on CWD shares. Berenberg Bank raised Countrywide to a “hold” rating and set a GBX 95 ($1.31) price target for the company in a research report on Wednesday, January 24th. Numis Securities reaffirmed a “hold” rating and issued a GBX 110 ($1.52) price objective on shares of Countrywide in a research report on Friday, January 19th. Jefferies Group cut their price objective on Countrywide from GBX 125 ($1.73) to GBX 85 ($1.17) and set a “hold” rating for the company in a research report on Thursday, March 8th. Peel Hunt reissued a “reduce” rating and set a GBX 75 ($1.04) price target (down from GBX 115 ($1.59)) on shares of Countrywide in a report on Thursday, March 8th. Finally, Credit Suisse Group dropped their price target on Countrywide from GBX 111 ($1.53) to GBX 77 ($1.06) and set an “underperform” rating for the company in a report on Tuesday, March 13th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Countrywide has an average rating of “Hold” and an average target price of GBX 91 ($1.26).

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Countrywide Company Profile

Countrywide plc, together with its subsidiaries, provides residential estate agency and property services in the United Kingdom. It operates through four segments: Retail, London, Financial Services, and B2B. The company offers surveying services, including valuation panel management services, residential valuations, and surveys for mortgage lenders; leasehold, commercial, relocation, and residential property management services; and sells residential, commercial, industrial, and agricultural properties, as well as land through public auction.

Insider Buying and Selling by Quarter for Countrywide (LON:CWD)

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