Liberum Capital Reaffirms “Buy” Rating for Homeserve (LON:HSV)

Liberum Capital restated their buy rating on shares of Homeserve (LON:HSV) in a research note released on Tuesday morning, ThisIsMoney.Co.Uk reports.

HSV has been the topic of a number of other research reports. JPMorgan Chase & Co. upgraded Homeserve to an overweight rating and upped their price objective for the stock from GBX 1,370 ($16.86) to GBX 1,400 ($17.23) in a research note on Tuesday, May 19th. Morgan Stanley upped their price objective on Homeserve from GBX 1,150 ($14.15) to GBX 1,250 ($15.38) and gave the stock an overweight rating in a research note on Thursday, May 21st. Berenberg Bank reiterated a buy rating on shares of Homeserve in a research note on Friday, May 15th. UBS Group reiterated a buy rating on shares of Homeserve in a research note on Friday, May 15th. Finally, Peel Hunt reiterated a buy rating on shares of Homeserve in a research note on Tuesday, May 19th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 1,310 ($16.12).

LON:HSV opened at GBX 1,277 ($15.71) on Tuesday. Homeserve has a twelve month low of GBX 755.81 ($9.30) and a twelve month high of GBX 1,357 ($16.70). The company has a quick ratio of 1.33, a current ratio of 1.34 and a debt-to-equity ratio of 99.06. The business has a 50 day moving average price of GBX 1,253 and a two-hundred day moving average price of GBX 1,203.58. The company has a market cap of $4.30 billion and a P/E ratio of 40.79.

Homeserve (LON:HSV) last released its quarterly earnings results on Tuesday, May 19th. The company reported GBX 41.30 ($0.51) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 41.10 ($0.51) by GBX 0.20 ($0.00). As a group, analysts anticipate that Homeserve will post 4074.0004101 earnings per share for the current fiscal year.

The firm also recently declared a dividend, which will be paid on Monday, August 3rd. Investors of record on Thursday, July 2nd will be paid a GBX 17.80 ($0.22) dividend. This represents a yield of 1.5%. The ex-dividend date of this dividend is Thursday, July 2nd. This is a boost from Homeserve’s previous dividend of $5.80. Homeserve’s dividend payout ratio is 76.19%.

In other Homeserve news, insider Tom Rusin sold 55,883 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of GBX 1,297 ($15.96), for a total value of £724,802.51 ($891,954.85). In the last 90 days, insiders purchased 37 shares of company stock worth $44,815.

About Homeserve

HomeServe plc, together with its subsidiaries, provides home repair and improvement services to household customers under the HomeServe brand. It offers plumbing, drainage, electrics, water supply pipe, gas supply pipe, appliance repair, pest infestation, and locksmith services, as well as heating, ventilation, and air conditioning services.

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Analyst Recommendations for Homeserve (LON:HSV)

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