HomeServe (OTCMKTS:HMSVF) Downgraded by Royal Bank of Canada to Sector Perform

HomeServe (OTCMKTS:HMSVFGet Rating) was downgraded by research analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a report issued on Thursday, The Fly reports.

A number of other research analysts also recently commented on the stock. Morgan Stanley dropped their target price on shares of HomeServe from GBX 1,020 ($12.58) to GBX 810 ($9.99) and set an “equal weight” rating on the stock in a research report on Tuesday, January 25th. BNP Paribas raised shares of HomeServe to a “hold” rating and set a $640.00 price objective on the stock in a research report on Thursday, March 17th. Finally, Exane BNP Paribas raised shares of HomeServe from an “underperform” rating to a “neutral” rating in a research report on Thursday, March 17th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $487.20.

OTCMKTS HMSVF opened at $12.45 on Thursday. The firm’s fifty day moving average price is $9.90 and its 200 day moving average price is $10.85. HomeServe has a 12 month low of $9.00 and a 12 month high of $15.25.

HomeServe Company Profile (Get Rating)

HomeServe plc, together with its subsidiaries, provides home repair and improvement services to homeowners under the HomeServe brand. The company offers home assistance via subscription-based membership services for plumbing, heating, electrical, locks, glazing, pest control, and technology. It also operates an online marketplace to help homeowners to find local trade on-demand, as well as to help with a range of home repairs and improvements, including landscape gardening and carpet cleaning.

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