Severn Trent (SVT) Stock Price Down 3.4%
Shares of Severn Trent Plc (LON:SVT) traded down 3.4% during mid-day trading on Tuesday . The stock traded as low as GBX 1,718.50 ($23.74) and last traded at GBX 1,725.50 ($23.84). 1,690,595 shares changed hands during trading, an increase of 70% from the average session volume of 994,537 shares. The stock had previously closed at GBX 1,786 ($24.68).
Several analysts recently issued reports on the company. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 2,500 ($34.54) target price on shares of Severn Trent in a report on Thursday, October 26th. Deutsche Bank dropped their target price on Severn Trent from GBX 2,250 ($31.09) to GBX 2,200 ($30.40) and set a “hold” rating on the stock in a report on Wednesday, December 6th. Goldman Sachs Group assumed coverage on Severn Trent in a report on Friday, January 26th. They set a “sell” rating and a GBX 1,881 ($25.99) target price on the stock. Barclays reiterated an “equal weight” rating on shares of Severn Trent in a report on Tuesday, November 14th. Finally, Credit Suisse Group reiterated a “neutral” rating and set a GBX 2,230 ($30.81) target price on shares of Severn Trent in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 2,332.33 ($32.22).
The firm has a market cap of $4,080.00 and a P/E ratio of 1,402.85.
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About Severn Trent
Severn Trent Plc treats and provides water and removes wastewater in the United Kingdom and internationally. The Company provides clean water and wastewater services through its businesses, Severn Trent Water and Severn Trent Business Services. It operates through two segments: Regulated Water and Waste Water, and Business Services.
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