Deutsche Bank reiterated their hold rating on shares of Severn Trent (LON:SVT) in a research note released on Friday morning, Stock Target Advisor reports.
A number of other brokerages also recently issued reports on SVT. JPMorgan Chase & Co. reiterated an underweight rating and set a GBX 2,000 ($26.13) price objective on shares of Severn Trent in a research note on Thursday, September 5th. Royal Bank of Canada reiterated an outperform rating and set a GBX 2,300 ($30.05) target price on shares of Severn Trent in a research report on Tuesday, October 8th. Barclays reiterated an equal weight rating on shares of Severn Trent in a research report on Thursday. Credit Suisse Group lowered Severn Trent to a neutral rating and increased their price target for the company from GBX 2,100 ($27.44) to GBX 2,160 ($28.22) in a report on Friday, October 18th. Finally, Jefferies Financial Group lowered Severn Trent to a hold rating and decreased their price target for the company from GBX 2,340 ($30.58) to GBX 1,920 ($25.09) in a report on Thursday, September 19th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of GBX 2,115.50 ($27.64).
Shares of LON:SVT traded up GBX 47 ($0.61) during mid-day trading on Friday, reaching GBX 2,362 ($30.86). 867,156 shares of the company traded hands, compared to its average volume of 1,100,000. The company’s 50 day moving average price is GBX 2,219.68 and its 200-day moving average price is GBX 2,073.53. The firm has a market cap of $5.42 billion and a PE ratio of 17.73. The company has a debt-to-equity ratio of 530.38, a current ratio of 0.78 and a quick ratio of 0.73. Severn Trent has a 52 week low of GBX 1,758 ($22.97) and a 52 week high of GBX 2,338 ($30.55).
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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