Severn Trent (LON:SVT) had its price objective cut by Goldman Sachs Group from GBX 2,280 ($29.99) to GBX 2,264 ($29.78) in a report issued on Tuesday morning, Stock Target Advisor reports. They currently have a sell rating on the stock.
A number of other brokerages have also commented on SVT. BNP Paribas lowered Severn Trent to an underperform rating and dropped their target price for the company from GBX 2,000 ($26.31) to GBX 1,850 ($24.34) in a research report on Thursday, December 5th. Barclays upgraded Severn Trent to an overweight rating and upped their target price for the company from GBX 2,300 ($30.26) to GBX 2,400 ($31.57) in a research report on Monday, December 16th. Deutsche Bank dropped their target price on Severn Trent from GBX 2,750 ($36.17) to GBX 2,500 ($32.89) and set a buy rating on the stock in a research report on Friday, March 13th. Jefferies Financial Group upped their target price on Severn Trent from GBX 1,920 ($25.26) to GBX 2,320 ($30.52) and gave the company a hold rating in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. upped their target price on Severn Trent from GBX 2,000 ($26.31) to GBX 2,550 ($33.54) and gave the company a neutral rating in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of GBX 2,354.40 ($30.97).
Shares of LON SVT opened at GBX 2,261 ($29.74) on Tuesday. The business’s 50 day moving average price is GBX 2,488.14 and its 200 day moving average price is GBX 2,364.20. The firm has a market cap of $5.38 billion and a P/E ratio of 18.09. Severn Trent has a 52 week low of GBX 1,891 ($24.88) and a 52 week high of GBX 2,716 ($35.73). The company has a quick ratio of 0.65, a current ratio of 0.67 and a debt-to-equity ratio of 512.27.
In related news, insider Christine Mary Hodgson purchased 2,020 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was bought at an average cost of GBX 2,500 ($32.89) per share, with a total value of £50,500 ($66,429.89).
Severn Trent Company Profile
Severn Trent Plc operates as a water and sewerage company in the United Kingdom and internationally. The company operates through two segments, Regulated Water and Waste Water, and Business Services. The Regulated Water and Waste Water segment provides water and sewerage services to approximately 4.3 million households and businesses in the Midlands and mid-Wales.
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