Severn Trent (SVT) Trading 0% Higher
Severn Trent Plc (LON:SVT) traded up 0% during mid-day trading on Tuesday . The company traded as high as GBX 2,090 ($28.13) and last traded at GBX 2,075 ($27.93). 682,416 shares changed hands during mid-day trading, a decline of 19% from the average session volume of 847,692 shares. The stock had previously closed at GBX 2,075 ($27.93).
A number of equities research analysts have recently issued reports on the company. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 2,500 ($33.65) price target on shares of Severn Trent in a research report on Thursday, October 26th. Deutsche Bank dropped their price target on Severn Trent from GBX 2,250 ($30.28) to GBX 2,200 ($29.61) and set a “hold” rating for the company in a research report on Wednesday. Macquarie upped their price target on Severn Trent from GBX 2,570 ($34.59) to GBX 2,575 ($34.66) and gave the company an “outperform” rating in a research report on Thursday, August 31st. Barclays reiterated an “equal weight” rating on shares of Severn Trent in a research report on Tuesday, November 14th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a GBX 2,230 ($30.01) price objective on shares of Severn Trent in a research report on Thursday, November 2nd. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 2,388.75 ($32.15).
Severn Trent (LON:SVT) last announced its quarterly earnings data on Thursday, November 23rd. The company reported GBX 65.90 ($0.89) earnings per share for the quarter, missing the Zacks’ consensus estimate of GBX 66 ($0.89) by GBX (0.10) ($0.00). Severn Trent had a net margin of 17.34% and a return on equity of 31.14%. The business had revenue of £850.40 million during the quarter.
The business also recently declared a dividend, which will be paid on Friday, January 5th. Stockholders of record on Thursday, November 30th will be given a dividend of GBX 34.63 ($0.47) per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a dividend yield of 1.64%.
Severn Trent Company Profile
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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