Homeserve (LON:HSV) Given “Reduce” Rating at HSBC

Homeserve (LON:HSV)‘s stock had its “reduce” rating reaffirmed by HSBC in a note issued to investors on Monday, January 13th, Digital Look reports. They currently have a GBX 1,090 ($14.34) target price on the stock. HSBC’s price target would indicate a potential downside of 17.80% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 1,500 ($19.73) price objective on shares of Homeserve in a research report on Wednesday, November 20th. Morgan Stanley reiterated an “overweight” rating and set a GBX 1,360 ($17.89) price target on shares of Homeserve in a report on Thursday, November 14th. Liberum Capital reiterated a “buy” rating on shares of Homeserve in a research note on Tuesday, November 26th. Berenberg Bank reaffirmed a “buy” rating on shares of Homeserve in a research note on Thursday, November 21st. Finally, Peel Hunt reissued an “add” rating and set a GBX 1,350 ($17.76) price objective on shares of Homeserve in a research report on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 1,364 ($17.94).

Shares of HSV stock opened at GBX 1,326 ($17.44) on Monday. The company has a debt-to-equity ratio of 86.86, a quick ratio of 1.23 and a current ratio of 1.25. The stock has a market cap of $4.44 billion and a PE ratio of 40.67. Homeserve has a 1 year low of GBX 936.50 ($12.32) and a 1 year high of GBX 1,350 ($17.76). The business’s fifty day moving average is GBX 1,291.26 and its 200-day moving average is GBX 1,190.65.

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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