Severn Trent Downgraded by JPMorgan Chase & Co. to Underweight (SVT)
Severn Trent (LON:SVT) was downgraded by research analysts at JPMorgan Chase & Co. to an “underweight” rating in a report released on Tuesday, AmericanBankingNews.com reports. They currently have a GBX 1,535 ($25.18) target price on the stock, down from their previous target price of GBX 1,680 ($27.55). JPMorgan Chase & Co.’s price target would indicate a potential downside of 6.23% from the company’s current price.
A number of other firms have also recently commented on SVT. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Severn Trent in a research note to investors on Friday, December 20th. They now have a GBX 1,550 ($25.42) price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Severn Trent in a research note to investors on Friday, December 6th. They now have a GBX 1,725 ($28.29) price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Severn Trent in a research note to investors on Thursday, December 5th. They now have a GBX 1,580 ($25.91) price target on the stock. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,734.91 ($28.46).
Shares of Severn Trent (LON:SVT) traded down 1.80% during mid-day trading on Tuesday, hitting GBX 1637.0001. 782,707 shares of the company’s stock traded hands. Severn Trent has a 52 week low of GBX 1536.00 and a 52 week high of GBX 2200.00. The stock has a 50-day moving average of GBX 1712. and a 200-day moving average of GBX 1750.18. The company’s market cap is £3.911 billion.
The company also recently declared a dividend, which is scheduled for Friday, January 10th. Stockholders of record on Wednesday, December 4th will be given a dividend of GBX 32.16 ($0.53) per share. This represents a yield of 1.83%. The ex-dividend date of this dividend is Wednesday, December 4th.
Severn Trent Plc provides and treats water, and removes waste water in the United Kingdom and internationally.
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