Severn Trent (LON:SVT) Price Target Raised to GBX 3,450

Severn Trent (LON:SVT) had its price objective boosted by stock analysts at Royal Bank Of Canada from GBX 3,400 to GBX 3,450 in a note issued to investors on Monday,London Stock Exchange reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 16.08% from the stock’s previous close.

Several other brokerages have also issued reports on SVT. UBS Group reaffirmed a “sell” rating and set a GBX 2,700 target price on shares of Severn Trent in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 3,300 price objective on shares of Severn Trent in a report on Thursday, May 21st. Jefferies Financial Group reissued a “buy” rating and issued a GBX 3,220 price objective on shares of Severn Trent in a report on Thursday, May 21st. Finally, JPMorgan Chase & Co. increased their price objective on Severn Trent from GBX 2,975 to GBX 3,225 and gave the company a “neutral” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of GBX 3,161.29.

Severn Trent Trading Up 0.1%

Shares of LON:SVT opened at GBX 2,972 on Monday. The business’s 50-day moving average is GBX 3,104.51 and its 200 day moving average is GBX 2,981.54. Severn Trent has a 1 year low of GBX 2,381 and a 1 year high of GBX 3,335. The firm has a market capitalization of £8.95 billion, a P/E ratio of 28.36, a P/E/G ratio of 4.69 and a beta of 0.56. The company has a debt-to-equity ratio of 596.63, a current ratio of 1.39 and a quick ratio of 0.73.

Severn Trent (LON:SVT) last announced its earnings results on Wednesday, May 20th. The company reported GBX 179.80 earnings per share (EPS) for the quarter. Severn Trent had a return on equity of 20.35% and a net margin of 13.10%.The company had revenue of GBX 283.10 billion for the quarter. On average, research analysts predict that Severn Trent will post 107.3706004 earnings per share for the current fiscal year.

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. The UK’s regulatory model provides a high degree of certainty over five-year periods.