Homeserve (LON:HSV) Earns “Reduce” Rating from HSBC

HSBC restated their reduce rating on shares of Homeserve (LON:HSV) in a report released on Monday, Digital Look reports. They currently have a GBX 1,090 ($14.34) price objective on the stock.

A number of other research analysts have also recently issued reports on HSV. Peel Hunt reissued an add rating and issued a GBX 1,350 ($17.76) target price on shares of Homeserve in a research note on Friday, November 22nd. UBS Group reissued a buy rating and issued a GBX 1,450 ($19.07) target price (up from GBX 1,350 ($17.76)) on shares of Homeserve in a research note on Wednesday, January 8th. Peel Hunt raised Homeserve to a buy rating and boosted their target price for the company from GBX 1,350 ($17.76) to GBX 1,450 ($19.07) in a research note on Friday, January 3rd. Royal Bank of Canada reissued an outperform rating and issued a GBX 1,500 ($19.73) target price on shares of Homeserve in a research note on Wednesday, November 20th. Finally, Morgan Stanley reissued an overweight rating and issued a GBX 1,360 ($17.89) target price on shares of Homeserve in a research note on Thursday, November 14th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of GBX 1,364 ($17.94).

LON:HSV opened at GBX 1,298 ($17.07) on Monday. Homeserve has a 1 year low of GBX 864.50 ($11.37) and a 1 year high of GBX 1,311 ($17.25). The company has a current ratio of 1.25, a quick ratio of 1.23 and a debt-to-equity ratio of 86.86. The stock has a market cap of $4.36 billion and a price-to-earnings ratio of 39.82. The stock has a 50-day moving average price of GBX 1,262.43 and a two-hundred day moving average price of GBX 1,181.17.

The company also recently disclosed a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Thursday, December 5th were given a dividend of GBX 5.80 ($0.08) per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a dividend yield of 0.46%. Homeserve’s dividend payout ratio is currently 0.67%.

Homeserve Company Profile

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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