May 21, 2019 / 8:11 AM / 4 months ago

BUZZ-HomeServe: U.S. growth, higher investment boost shares

** Shares of British home repairs provider, HomeServe Plc , are up as much as 2.2% to 1,116p

** Co posts FY adjusted pretax profit of 161.7 mln stg, marginally higher than analysts’ expectation of 160.4 mln stg, as it signed on more customers in the United States

** Co says it expects to deliver “further strong growth” in fiscal 2020

** Brokerage Liberum says FY results were a “little ahead of expectations”, raises target price to 1200p from 1120p

** Analysts at Peel Hunt say “we sense increased confidence given the continuing progress in the U.S.” and “confidently retain” our March-end 2020 PBT estimate of 176 mln stg (consensus of 178 mln stg) (Reporting by Justin George Varghese in Bengaluru)

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