HomeServe plc (HSV) Given Average Rating of “Hold” by Brokerages

HomeServe plc (LON:HSV) has received an average rating of “Hold” from the eight research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is GBX 811 ($10.86).

Several research firms recently issued reports on HSV. Liberum Capital increased their target price on HomeServe from GBX 840 ($11.25) to GBX 900 ($12.05) and gave the stock a “buy” rating in a research report on Thursday, October 19th. Peel Hunt reiterated an “add” rating and set a GBX 850 ($11.38) target price on shares of HomeServe in a research report on Tuesday, November 21st. Jefferies Group increased their target price on HomeServe from GBX 500 ($6.70) to GBX 630 ($8.44) and gave the stock an “underperform” rating in a research report on Friday, October 20th. Citigroup raised their price target on HomeServe from GBX 795 ($10.65) to GBX 900 ($12.05) and gave the company a “neutral” rating in a report on Friday, October 20th. Finally, J P Morgan Chase & Co raised their price target on HomeServe from GBX 850 ($11.38) to GBX 890 ($11.92) and gave the company a “neutral” rating in a report on Wednesday, November 22nd.

In related news, insider Edward Fitzmaurice bought 781,000 shares of the company’s stock in a transaction dated Thursday, October 19th. The stock was purchased at an average price of GBX 820 ($10.98) per share, for a total transaction of £6,404,200 ($8,576,670.68). Also, insider Mark C. Morris bought 6,235 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was bought at an average price of GBX 811 ($10.86) per share, with a total value of £50,565.85 ($67,719.10). In the last quarter, insiders bought 787,271 shares of company stock valued at $645,505,781.

Shares of HomeServe (LON:HSV) traded down GBX 21.50 ($0.29) during midday trading on Friday, reaching GBX 778 ($10.42). 317,391 shares of the company’s stock were exchanged, compared to its average volume of 468,238. HomeServe has a one year low of GBX 504.50 ($6.76) and a one year high of GBX 872 ($11.68).

The business also recently announced a dividend, which will be paid on Friday, January 5th. Stockholders of record on Thursday, December 7th will be issued a GBX 4.70 ($0.06) dividend. This represents a dividend yield of 0.58%. The ex-dividend date of this dividend is Thursday, December 7th.

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About HomeServe

HomeServe plc is a United Kingdom-based company, which is engaged in providing home emergency, repair and heating installation services. The Company’s segments include UK, USA, France, Spain and New Markets. The Company designs a range of water, heating and electrical related home assistance products.

Analyst Recommendations for HomeServe (LON:HSV)

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