Insider Buying: Severn Trent Plc (SVT) Insider Purchases 569 Shares of Stock

Severn Trent Plc (LON:SVT) insider Philip Remnant purchased 569 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were purchased at an average price of GBX 1,748 ($24.15) per share, with a total value of £9,946.12 ($13,741.53).

Severn Trent Plc (LON:SVT) traded down GBX 60.50 ($0.84) during midday trading on Tuesday, reaching GBX 1,725.50 ($23.84). The company had a trading volume of 2,034,395 shares, compared to its average volume of 994,537. Severn Trent Plc has a one year low of GBX 1,718.50 ($23.74) and a one year high of GBX 2,575 ($35.58). The stock has a market cap of $4,080.00 and a PE ratio of 1,402.85.

Severn Trent (LON:SVT) last posted its quarterly earnings results on Thursday, November 23rd. The company reported GBX 65.90 ($0.91) EPS for the quarter, missing the Zacks’ consensus estimate of GBX 66 ($0.91) by GBX (0.10) ($0.00). Severn Trent had a return on equity of 31.14% and a net margin of 17.34%. The business had revenue of £850.40 million during the quarter.

SVT has been the topic of a number of analyst reports. Goldman Sachs Group initiated coverage on Severn Trent in a research report on Friday, January 26th. They set a “sell” rating and a GBX 1,881 ($25.99) price objective on the stock. Deutsche Bank reaffirmed a “hold” rating and set a GBX 2,200 ($30.40) price objective on shares of Severn Trent in a research report on Thursday, December 14th. JPMorgan Chase & Co. lowered their price objective on Severn Trent from GBX 2,500 ($34.54) to GBX 2,250 ($31.09) and set a “neutral” rating on the stock in a research report on Thursday, December 7th. Credit Suisse Group reaffirmed a “neutral” rating and set a GBX 2,230 ($30.81) price objective on shares of Severn Trent in a research report on Thursday, November 2nd. Finally, Barclays reaffirmed an “equal weight” rating on shares of Severn Trent in a research report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 2,332.33 ($32.22).

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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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