Homeserve (LON:HSV) Rating Lowered to Equal Weight at Barclays

Homeserve (LON:HSV) was downgraded by research analysts at Barclays to an “equal weight” rating in a report issued on Tuesday, June 18th, Digital Look reports. They currently have a GBX 1,320 ($17.25) price target on the stock, up from their previous price target of GBX 982 ($12.83). Barclays‘s price objective would suggest a potential upside of 14.78% from the company’s current price.

Several other equities analysts have also recently commented on HSV. Liberum Capital restated a “buy” rating and set a GBX 1,120 ($14.63) target price on shares of Homeserve in a research report on Thursday, February 28th. Peel Hunt reaffirmed a “hold” rating and set a GBX 850 ($11.11) price target on shares of Homeserve in a research note on Thursday, April 4th. Royal Bank of Canada reaffirmed a “sector performer” rating and set a GBX 800 ($10.45) price target (up previously from GBX 750 ($9.80)) on shares of Homeserve in a research note on Thursday, April 4th. UBS Group reaffirmed a “neutral” rating and set a GBX 1,050 ($13.72) price target on shares of Homeserve in a research note on Thursday, April 4th. Finally, Jefferies Financial Group reissued an “underperform” rating on shares of Homeserve in a research note on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 1,146.67 ($14.98).

Shares of LON HSV traded down GBX 15 ($0.20) during mid-day trading on Tuesday, hitting GBX 1,150 ($15.03). The company had a trading volume of 4,065,064 shares, compared to its average volume of 539,988. Homeserve has a 1 year low of GBX 847.50 ($11.07) and a 1 year high of GBX 1,275 ($16.66). The business’s 50-day simple moving average is GBX 1,212.06. The company has a debt-to-equity ratio of 61.49, a current ratio of 1.16 and a quick ratio of 1.12. The firm has a market capitalization of $3.85 billion and a P/E ratio of 35.60.

In other Homeserve news, insider David Bower sold 31,779 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of GBX 1,183 ($15.46), for a total transaction of £375,945.57 ($491,239.47). Insiders have acquired a total of 39 shares of company stock valued at $45,016 in the last ninety days.

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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