J P Morgan Chase & Co Upgrades Homeserve (HSV) to Overweight

Homeserve (LON:HSV) was upgraded by investment analysts at J P Morgan Chase & Co to an “overweight” rating in a research report issued on Tuesday.

Several other research analysts have also recently weighed in on HSV. Liberum Capital restated a “buy” rating and issued a GBX 840 ($11.31) price objective on shares of Homeserve in a research report on Tuesday, September 12th. Citigroup boosted their price objective on shares of Homeserve from GBX 795 ($10.70) to GBX 900 ($12.11) and gave the stock a “neutral” rating in a research report on Friday, October 20th. Jefferies Group boosted their price objective on shares of Homeserve from GBX 500 ($6.73) to GBX 630 ($8.48) and gave the stock an “underperform” rating in a research report on Friday, October 20th. Finally, Peel Hunt boosted their price objective on shares of Homeserve from GBX 750 ($10.09) to GBX 850 ($11.44) and gave the stock an “add” rating in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 811 ($10.92).

Homeserve (HSV) opened at GBX 759.50 ($10.22) on Tuesday. Homeserve has a 1 year low of GBX 504.50 ($6.79) and a 1 year high of GBX 872 ($11.74).

In other Homeserve news, insider Edward Fitzmaurice bought 781,000 shares of the company’s stock in a transaction on Thursday, October 19th. The stock was bought at an average price of GBX 820 ($11.04) per share, for a total transaction of £6,404,200 ($8,619,380.89). Also, insider Mark C. Morris sold 6,235 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of GBX 847 ($11.40), for a total transaction of £52,810.45 ($71,077.32). Insiders have acquired a total of 787,271 shares of company stock valued at $645,505,781 in the last quarter.

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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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