Homeserve (LON:HSV) Stock Price Passes Below 50 Day Moving Average of $1,211.74

Homeserve plc (LON:HSV) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $1,211.74 and traded as low as $1,139.38. Homeserve shares last traded at $1,149.00, with a volume of 159,418 shares.

Several equities analysts have recently weighed in on the stock. Barclays cut shares of to an “underweight” rating and set a GBX 4,400 ($57.49) price target for the company. in a research note on Tuesday, June 18th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 620 ($8.10) price target on shares of in a research note on Friday, June 21st. Peel Hunt reaffirmed a “buy” rating on shares of N Brown Group in a research note on Thursday, June 20th. JPMorgan Chase & Co. cut shares of Sogou from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $5.50 to $4.12 in a research note on Thursday, June 27th. Finally, UBS Group reissued a “sell” rating on shares of in a research note on Monday, June 24th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 1,146.67 ($14.98).

The business’s fifty day simple moving average is GBX 1,210.46. The firm has a market capitalization of $3.84 billion and a price-to-earnings ratio of 35.76. The company has a current ratio of 1.16, a quick ratio of 1.12 and a debt-to-equity ratio of 61.49.

The firm also recently declared a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, July 4th will be issued a dividend of GBX 16.20 ($0.21) per share. This is an increase from Homeserve’s previous dividend of $5.20. The ex-dividend date is Thursday, July 4th. This represents a yield of 1.44%. Homeserve’s dividend payout ratio (DPR) is currently 0.65%.

In other Homeserve news, insider David Bower sold 31,779 shares of the firm’s stock in a transaction 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.

About Homeserve (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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