Severn Trent (SVT) Shares 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 traded 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 have issued reports on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 2,500 ($34.54) target price on shares of Severn Trent in a research 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 research report on Wednesday, December 6th. Goldman Sachs Group initiated coverage on Severn Trent in a research report on Friday, January 26th. They issued a “sell” rating and a GBX 1,881 ($25.99) price objective for the company. Barclays reissued an “equal weight” rating on shares of Severn Trent in a research report on Tuesday, November 14th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a GBX 2,230 ($30.81) price objective on shares of Severn Trent in a research report on Thursday, November 2nd. One investment 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. Severn Trent currently has a consensus rating of “Hold” and an average target price of GBX 2,332.33 ($32.22).

The firm has a market capitalization of $4,090.00 and a PE ratio of 1,398.37.

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

In other Severn Trent news, insider Philip Remnant acquired 569 shares of the stock in a transaction dated Tuesday, February 13th. The stock was purchased at an average price of GBX 1,748 ($24.15) per share, with a total value of £9,946.12 ($13,741.53).

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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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