Homeserve (HSV) Reaches New 52-Week High After Dividend Announcement

Homeserve plc (LON:HSV) reached a new 52-week high during mid-day trading on Tuesday after the company announced a dividend. The stock traded as high as GBX 1,172 ($15.31) and last traded at GBX 1,167 ($15.25), with a volume of 352425 shares changing hands. The stock had previously closed at GBX 1,092 ($14.27).

The newly announced dividend which will be paid on Friday, August 2nd. Investors of record on Thursday, July 4th will be paid a GBX 16.20 ($0.21) dividend. The ex-dividend date is Thursday, July 4th. This is a positive change from Homeserve’s previous dividend of $5.20. This represents a yield of 1.44%. Homeserve’s dividend payout ratio (DPR) is currently 0.69%.

A number of research analysts recently weighed in on HSV shares. Peel Hunt reaffirmed a “hold” rating on shares of Homeserve in a research note on Tuesday. JPMorgan Chase & Co. raised their price target on shares of Homeserve from GBX 890 ($11.63) to GBX 970 ($12.67) and gave the company an “overweight” rating in a research note on Wednesday, May 15th. Berenberg Bank raised their price target on shares of Homeserve from GBX 1,150 ($15.03) to GBX 1,250 ($16.33) and gave the company a “buy” rating in a research note on Monday. Royal Bank of Canada reaffirmed a “sector performer” rating and issued a GBX 800 ($10.45) price target (up from GBX 750 ($9.80)) on shares of Homeserve in a research note on Thursday, April 4th. Finally, Liberum Capital reaffirmed a “buy” rating on shares of Homeserve in a research note on Friday, February 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,050 ($13.72).

The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 64.44. The company has a market capitalization of $3.87 billion and a price-to-earnings ratio of 40.52.

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Homeserve Company Profile (LON:HSV)

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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