Severn Trent (LON:SVT)‘s stock had its “underweight” rating reiterated by JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday, September 5th, Digital Look reports. They presently have a GBX 2,000 ($26.13) target price on the stock. JPMorgan Chase & Co.‘s target price suggests a potential downside of 2.06% from the stock’s previous close.
Several other research firms also recently issued reports on SVT. Barclays restated an “equal weight” rating on shares of Severn Trent in a research note on Wednesday, June 19th. Morgan Stanley restated an “equal weight” rating on shares of Severn Trent in a research note on Monday, July 15th. Royal Bank of Canada reiterated an “outperform” rating on shares of Severn Trent in a research note on Thursday, July 18th. Credit Suisse Group upgraded shares of Severn Trent to an “outperform” rating and increased their target price for the stock from GBX 2,000 ($26.13) to GBX 2,100 ($27.44) in a research note on Thursday, May 16th. Finally, Deutsche Bank increased their target price on shares of Severn Trent from GBX 1,950 ($25.48) to GBX 2,050 ($26.79) and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 2,115.40 ($27.64).
Shares of SVT stock opened at GBX 2,042 ($26.68) on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.73 and a debt-to-equity ratio of 530.38. Severn Trent has a 12 month low of GBX 1,758 ($22.97) and a 12 month high of GBX 2,153 ($28.13). The company has a market cap of $4.86 billion and a P/E ratio of 15.33. The firm has a fifty day moving average price of GBX 2,024.15 and a 200 day moving average price of GBX 2,017.61.
In other news, insider James Bowling sold 5,123 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of GBX 2,035 ($26.59), for a total transaction of £104,253.05 ($136,225.08).
About Severn Trent
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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