HomeServe (LON:HSV) Given New GBX 1,177 Price Target at JPMorgan Chase & Co.

HomeServe (LON:HSV) had its price objective cut by JPMorgan Chase & Co. from GBX 1,215 ($15.87) to GBX 1,177 ($15.38) in a research note issued to investors on Monday morning, Price Targets.com reports. They currently have an overweight rating on the stock.

HSV has been the subject of a number of other research reports. Liberum Capital reiterated a buy rating and issued a GBX 1,500 ($19.60) price target on shares of HomeServe in a report on Tuesday, May 18th. Peel Hunt reissued a buy rating and issued a GBX 1,450 ($18.94) price objective on shares of HomeServe in a research note on Tuesday, May 18th. Berenberg Bank reduced their price objective on shares of HomeServe from GBX 1,380 ($18.03) to GBX 1,260 ($16.46) and set a buy rating for the company in a research note on Wednesday, June 2nd. Credit Suisse Group reaffirmed an outperform rating and set a GBX 1,100 ($14.37) price target on shares of HomeServe in a research report on Monday, June 7th. Finally, Numis Securities reaffirmed an add rating and set a GBX 1,450 ($18.94) price target on shares of HomeServe in a research report on Tuesday, May 18th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of GBX 1,335.88 ($17.45).

Shares of LON:HSV opened at GBX 956.50 ($12.50) on Monday. HomeServe has a 1 year low of GBX 909 ($11.88) and a 1 year high of GBX 1,371 ($17.91). The company’s 50 day simple moving average is GBX 958.88. The stock has a market capitalization of £3.21 billion and a price-to-earnings ratio of 103.97. 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 also recently announced a dividend, which will be paid on Monday, August 2nd. Stockholders of record on Thursday, July 1st will be paid a dividend of GBX 19.80 ($0.26) per share. This is a positive change from HomeServe’s previous dividend of $6.20. This represents a dividend yield of 1.92%. The ex-dividend date of this dividend is Thursday, July 1st. HomeServe’s dividend payout ratio is presently 2.61%.

In other news, insider Tommy Breen bought 50,000 shares of the stock in a transaction dated Wednesday, May 19th. The shares were acquired at an average cost of GBX 933 ($12.19) per share, with a total value of £466,500 ($609,485.24). Over the last three months, insiders have bought 50,048 shares of company stock worth $46,695,328.

About HomeServe

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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