Severn Trent (LON:SVT) was upgraded by Credit Suisse Group to an “outperform” rating in a research note issued on Thursday, ThisIsMoney.Co.Uk reports. The firm presently has a GBX 2,100 ($27.44) price objective on the stock, up from their previous price objective of GBX 2,000 ($26.13). Credit Suisse Group’s price target indicates a potential upside of 8.58% from the stock’s current price.
Several other equities analysts have also weighed in on the stock. HSBC reduced their price target on shares of Severn Trent from GBX 2,100 ($27.44) to GBX 2,000 ($26.13) and set a “hold” rating for the company in a research report on Friday, January 18th. Barclays raised their target price on shares of Severn Trent from GBX 2,220 ($29.01) to GBX 2,320 ($30.31) and gave the company an “equal weight” rating in a research note on Friday, April 5th. Goldman Sachs Group raised their target price on shares of Severn Trent from GBX 1,847 ($24.13) to GBX 1,880 ($24.57) and gave the company a “sell” rating in a research note on Friday, April 5th. Royal Bank of Canada reissued an “outperform” rating on shares of Severn Trent in a research note on Wednesday, February 6th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 2,050 ($26.79) price target (down from GBX 2,200 ($28.75)) on shares of Severn Trent in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 2,089.33 ($27.30).
Shares of LON SVT opened at GBX 1,934.01 ($25.27) on Thursday. Severn Trent has a fifty-two week low of GBX 1,758 ($22.97) and a fifty-two week high of GBX 2,104 ($27.49). The company has a market capitalization of $4.63 billion and a P/E ratio of 17.94. The company has a current ratio of 0.62, a quick ratio of 0.61 and a debt-to-equity ratio of 517.43.
Severn Trent Company Profile
Severn Trent Plc operates as a water and sewerage company in the United Kingdom and internationally. The company operates through two segments, Regulated Water and Waste Water, and Business Services. The Regulated Water and Waste Water segment provides water and sewerage services to approximately 4.3 million households and businesses in the Midlands and mid-Wales.
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