Analysts Set HomeServe plc (LON:HSV) Price Target at GBX 1,340.63

Shares of HomeServe plc (LON:HSV) have been given a consensus recommendation of “Buy” by the eight ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 1,335.88 ($17.45).

HSV has been the subject of a number of recent analyst reports. Numis Securities reiterated an “add” rating and issued a GBX 1,450 ($18.94) price target on shares of HomeServe in a research note on Tuesday, May 18th. Credit Suisse Group reissued an “outperform” rating and issued a GBX 1,100 ($14.37) price objective on shares of HomeServe in a research report on Monday, June 7th. Berenberg Bank dropped their price objective on shares of HomeServe from GBX 1,380 ($18.03) to GBX 1,260 ($16.46) and set a “buy” rating on the stock in a research report on Wednesday, June 2nd. JPMorgan Chase & Co. dropped their price objective on shares of HomeServe from GBX 1,215 ($15.87) to GBX 1,177 ($15.38) and set an “overweight” rating on the stock in a research report on Monday. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 1,450 ($18.94) price objective on shares of HomeServe in a research report on Tuesday, May 18th.

In related news, insider Tommy Breen purchased 50,000 shares of HomeServe stock in a transaction dated Wednesday, May 19th. The shares were bought at an average cost of GBX 933 ($12.19) per share, for a total transaction of £466,500 ($609,485.24). Over the last 90 days, insiders bought 50,048 shares of company stock worth $46,695,328.

HSV stock traded down GBX 3.50 ($0.05) during trading hours on Thursday, reaching GBX 953 ($12.45). The stock had a trading volume of 326,214 shares, compared to its average volume of 775,983. The company has a market capitalization of £3.20 billion and a PE ratio of 103.59. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 119.42. The company’s 50-day moving average is GBX 958.88. HomeServe has a fifty-two week low of GBX 909 ($11.88) and a fifty-two week high of GBX 1,371 ($17.91).

The company also recently disclosed a dividend, which will be paid on Monday, August 2nd. Shareholders of record on Thursday, July 1st will be paid a dividend of GBX 19.80 ($0.26) per share. This represents a yield of 1.92%. This is an increase from HomeServe’s previous dividend of $6.20. The ex-dividend date is Thursday, July 1st. HomeServe’s dividend payout ratio is presently 2.61%.

HomeServe Company Profile

HomeServe plc, together with its subsidiaries, provides home repair and improvement services to homeowners under the HomeServe brand. The company offers home assistance via subscription-based membership services for plumbing, heating, electrical, locks, glazing, pest control, and technology. It also operates an online marketplace to help homeowners to find local trade on-demand, as well as to help with a range of home repairs and improvements, including landscape gardening and carpet cleaning.

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Analyst Recommendations for HomeServe (LON:HSV)

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