Severn Trent (LON:SVT) had its price target decreased by HSBC from GBX 2,550 ($33.54) to GBX 2,450 ($32.23) in a report released on Tuesday, Stock Target Advisor reports. HSBC currently has a hold rating on the stock.
A number of other research analysts also recently issued reports on SVT. Royal Bank of Canada upgraded shares of Severn Trent to an outperform rating and reduced their price target for the stock from GBX 2,650 ($34.86) to GBX 2,500 ($32.89) in a research report on Tuesday, April 7th. Credit Suisse Group raised their price target on shares of Severn Trent from GBX 2,160 ($28.41) to GBX 2,250 ($29.60) and gave the stock a neutral rating in a research report on Monday, May 4th. Deutsche Bank reduced their price target on shares of 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. Barclays downgraded shares of Severn Trent to an equal weight rating and raised their price target for the stock from GBX 2,400 ($31.57) to GBX 2,410 ($31.70) in a research report on Tuesday, April 14th. Finally, Goldman Sachs Group reduced their price target on shares of Severn Trent from GBX 2,264 ($29.78) to GBX 2,258 ($29.70) and set a sell rating on the stock in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of GBX 2,331.80 ($30.67).
Shares of SVT stock opened at GBX 2,371 ($31.19) on Tuesday. The firm has a market cap of $5.64 billion and a P/E ratio of 18.97. The company has a debt-to-equity ratio of 512.27, a current ratio of 0.67 and a quick ratio of 0.65. Severn Trent has a 1-year low of GBX 1,891 ($24.88) and a 1-year high of GBX 2,716 ($35.73). The firm has a fifty day moving average of GBX 2,342.60 and a two-hundred day moving average of GBX 2,413.18.
Severn Trent (LON:SVT) last announced its quarterly earnings data on Wednesday, May 20th. The company reported GBX 146 ($1.92) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 135.20 ($1.78) by GBX 10.80 ($0.14). On average, sell-side analysts expect that Severn Trent will post 14003.9986043 EPS for the current year.
The company also recently disclosed a dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, June 11th will be given a GBX 60.05 ($0.79) dividend. The ex-dividend date of this dividend is Thursday, June 11th. This is an increase from Severn Trent’s previous dividend of $40.03. This represents a yield of 2.45%. Severn Trent’s dividend payout ratio (DPR) is currently 76.80%.
In other news, insider Kevin S. Beeston acquired 809 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were purchased at an average cost of GBX 2,450 ($32.23) per share, for a total transaction of £19,820.50 ($26,072.74).
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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