Citigroup Cuts Severn Trent (LON:SVT) Price Target to GBX 2,849

Severn Trent (LON:SVT) had its price objective lowered by Citigroup from GBX 2,875 to GBX 2,849 in a research note published on Monday morning, Marketbeat Ratings reports. Citigroup currently has a neutral rating on the stock.

SVT has been the topic of a number of other reports. Jefferies Financial Group restated a “hold” rating and set a GBX 2,610 target price on shares of Severn Trent in a research note on Wednesday, October 1st. Barclays boosted their price target on shares of Severn Trent from GBX 2,960 to GBX 3,385 and gave the stock an “equal weight” rating in a report on Wednesday, August 20th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 2,850 price objective on shares of Severn Trent in a report on Monday, October 13th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of GBX 2,858.80.

Severn Trent Price Performance

SVT stock opened at GBX 2,818 on Monday. The business’s 50-day moving average is GBX 2,636.58 and its two-hundred day moving average is GBX 2,666.27. The company has a debt-to-equity ratio of 450.94, a current ratio of 2.14 and a quick ratio of 0.73. The firm has a market capitalization of £8.48 billion, a P/E ratio of 36.88, a P/E/G ratio of 4.69 and a beta of 0.38. Severn Trent has a 1 year low of GBX 2,323 and a 1 year high of GBX 2,847.

About Severn Trent

As one of Britain’s largest water companies, we supply fresh, clean drinking water to over nine million people across our region – around two billion litres every day. Once used, we collect, clean, and treat the water before safely returning it to the environment. We are one of only three listed water stocks in the UK, offering a valuable combination of reliable earnings, long-term asset growth, and inflation-linked dividends.