Severn Trent (LON:SVT) Price Target Raised to GBX 2,320 at Jefferies Financial Group

Severn Trent (LON:SVT) had its price target hoisted by Jefferies Financial Group from GBX 1,920 ($25.26) to GBX 2,320 ($30.52) in a research report sent to investors on Tuesday, Digital Look reports. The firm currently has a hold rating on the stock.

A number of other research firms also recently commented on SVT. Credit Suisse Group reaffirmed a neutral rating on shares of Severn Trent in a research note on Monday, January 20th. Deutsche Bank upped their price objective on shares of Severn Trent from GBX 2,650 ($34.86) to GBX 2,750 ($36.17) and gave the company a buy rating in a research note on Monday, February 3rd. Barclays raised shares of Severn Trent to an overweight rating and upped their price objective for the company from GBX 2,300 ($30.26) to GBX 2,400 ($31.57) in a research note on Monday, December 16th. Royal Bank of Canada downgraded shares of Severn Trent to a sector performer rating and upped their price objective for the company from GBX 2,300 ($30.26) to GBX 2,650 ($34.86) in a research note on Friday, January 17th. Finally, BNP Paribas downgraded shares of Severn Trent to an underperform rating and dropped their price objective for the company from GBX 2,000 ($26.31) to GBX 1,850 ($24.34) in a research note on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Severn Trent currently has a consensus rating of Hold and an average target price of GBX 2,251.60 ($29.62).

LON SVT opened at GBX 2,609 ($34.32) on Tuesday. Severn Trent has a 12 month low of GBX 1,891 ($24.88) and a 12 month high of GBX 2,642 ($34.75). The company has a 50-day moving average of GBX 2,552.36 and a 200-day moving average of GBX 2,274.86. The company has a debt-to-equity ratio of 512.27, a current ratio of 0.67 and a quick ratio of 0.65. The company has a market cap of $6.21 billion and a P/E ratio of 20.87.

In related news, insider Christine Mary Hodgson acquired 2,020 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was bought at an average price of GBX 2,500 ($32.89) per share, with a total value of £50,500 ($66,429.89).

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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Analyst Recommendations for Severn Trent (LON:SVT)

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