CWD.L Share News (CWD)

Countrywide slumps on Jefferies downgrade

(ShareCast News) - Countrywide was under the cosh on Tuesday as Jefferies downgraded the stock to 'hold' from 'buy' and slashed the price target to 180p from 300p. The bank cut its calendar year 2016 earnings per share estimate by 24% and its estimate for 2017 by 31% on the back of weak housing t

Countrywide shares drop on Zoopla stake sale

(ShareCast News) - Shares in Countrywide fell on Thursday after the FTSE 250 estate agency group said it has sold its remaining stake in property website Zoopla. It sold just over 9.2m shares at an average price of £3.17 between 9 August and 21 September, giving gross proceeds of £29.2m. Countrywid

Thursday broker round-up

(ShareCast News) - Dunelm: HSBC starts coverage at buy with a target price of 1000p. Brown N Group: UBS keeps at neutral, 190p target. Tesco: Barclays keeps at neutral with a 215p target. Associated British Foods: Credit Suisse reiterates outperform with a 3550p target. BBA Aviation: Barclays kee

Tuesday broker round-up

(ShareCast News) - Marks & Spencer: Goldman Sachs reiterates sell with a target price of 315p. Bunzl: RBC maintains underperf orm with a 1950p target. Mediclinic: UBS keeps at buy with a 1170p target. Ultra Electronic: Berenberg reiterat es buy with a 2000p target. Associated British Foods: Goldm

FTSE 250 movers: JRP Group, housing stocks rally

(ShareCast News) - The FTSE 250 gained 0.78% to 18,010.36 points on Tuesday afternoon. JRP Group was the biggest riser on London's second tier index after the financial services group said trading to the end of July since its update on 11 May continued in line with expectations. The company said it

Broker tips: Cairn Energy, Lancashire, Countrywide

(ShareCast News) - Cairn Energy shares rose on Thursday as RBC Capital Markets raised its rating on the stock to 'outperform' from 'sector perform' and reiterated a target price of 260p. "We view the recent share price weakness as an opportunity to take a position in Cairn ahead of the first half re

Numis upgrades Countrywide to 'add' from 'hold'

(ShareCast News) - Countrywide's shares jumped on Thursday as Numis upgraded its rating to 'add' from 'hold' despite a profit warning from the real estate agent. The company warned that 2016 earnings will be lower this year, as commercial and London residential transactions have stalled since Britai

Countrywide rebounds despite interim profit squeeze post-Brexit

(ShareCast News) - Countrywide said the slowdown in the housing market has worsened since June's Brexit vote, sending half-year profits in the estate agent shooting down but lifting its shares as investors had feared it would be even worse. Directors warned that full year earnings before interest, t

UK Earnings, Trading Statements Calendar - Next 7 Days

UBS launches coverage of UK estate agents

(ShareCast News) - UBS initiated coverage of the UK estate agent sector on Wednesday, with Foxtons and Savills at 'buy', Countrywide at 'neutral' and Purplebricks at 'sell'. The Swiss bank, which expects UK wide housing transactions to fall 6% this year and 5% the next - with a 10 drop in London in

BROKER RATINGS SUMMARY: UBS Says Buy Foxtons And Sell Purplebricks

LONDON BRIEFING: Pound And Poundland Gain As May Set To Enter No 10

UPDATE: BROKER RATINGS SUMMARY: Buy Wolseley, Sell Berkeley - Goldman

Tuesday broker round-up:

(ShareCast News) - Just Eat: Goldman Sachs reiterates buy with a target price of 670p. G4S: Credit Suisse keeps at outperform with a 210p target. Bellway: Goldman Sachs keeps at neutral with a target price of 1715p. Northgate: Numis reiterates to buy with a target of 500p. Babcock: Credit Suisse

Goldman adjusts ratings on UK housebuilders after Brexit

(ShareCast News) - Following the UK's decision to leave the European Union, Goldman Sachs expects new build volumes in UK housing to drop 10% next year, versus a previous forecast of 7% growth and house prices to fall by 2%/5% in 2016/17. As far as the UK economy is concerned, the bank has cut its 2