Credit Suisse Group downgraded shares of Severn Trent (LON:SVT) to a neutral rating in a research note published on Friday morning, ThisIsMoney.Co.Uk reports. The firm currently has GBX 2,160 ($28.22) price objective on the stock, up from their prior price objective of GBX 2,100 ($27.44).
Several other research analysts have also weighed in on the stock. Morgan Stanley reiterated an equal weight rating on shares of Severn Trent in a report on Monday, July 15th. Barclays reiterated an equal weight rating on shares of Severn Trent in a report on Wednesday, October 16th. Deutsche Bank increased their price objective 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 report on Tuesday, July 23rd. JPMorgan Chase & Co. reissued an underweight rating and set a GBX 2,000 ($26.13) target price on shares of Severn Trent in a research report on Thursday, September 5th. Finally, Jefferies Financial Group downgraded shares of Severn Trent to a hold rating and dropped their target price for the stock from GBX 2,340 ($30.58) to GBX 1,920 ($25.09) in a research report on Thursday, September 19th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of GBX 2,115.50 ($27.64).
Shares of SVT stock opened at GBX 2,291 ($29.94) on Friday. The firm has a market cap of $5.40 billion and a P/E ratio of 17.20. Severn Trent has a 1-year low of GBX 1,758 ($22.97) and a 1-year high of GBX 2,315 ($30.25). The company has a debt-to-equity ratio of 530.38, a current ratio of 0.78 and a quick ratio of 0.73. The firm’s 50-day simple moving average is GBX 2,106.14 and its 200-day simple moving average is GBX 2,033.38.
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.
Read More: Price to Earnings Ratio (PE)
Receive News & Ratings for Severn Trent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Severn Trent and related companies with MarketBeat.com's FREE daily email newsletter.