Severn Trent (SVT) Trading Up 0.7%
Shares of Severn Trent Plc (LON:SVT) were up 0.7% during trading on Thursday . The company traded as high as GBX 2,163 ($28.92) and last traded at GBX 2,151 ($28.76). Approximately 454,683 shares traded hands during trading, a decline of 49% from the average daily volume of 883,498 shares. The stock had previously closed at GBX 2,137 ($28.57).
A number of analysts have commented on SVT shares. Deutsche Bank restated a “hold” rating and set a GBX 2,250 ($30.08) price target on shares of Severn Trent in a research note on Tuesday, November 7th. Credit Suisse Group restated a “neutral” rating and set a GBX 2,230 ($29.82) price target on shares of Severn Trent in a research note on Thursday, November 2nd. Barclays restated an “equal weight” rating on shares of Severn Trent in a research note on Tuesday, November 14th. JPMorgan Chase & Co. decreased their price target on shares of Severn Trent from GBX 2,500 ($33.43) to GBX 2,250 ($30.08) and set a “neutral” rating for the company in a research note on Thursday, December 7th. Finally, upgraded shares of Severn Trent to a “buy” rating and boosted their price target for the company from GBX 2,160 ($28.88) to GBX 2,300 ($30.75) in a research note on Monday, November 6th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 2,388.75 ($31.94).
The company has a market cap of $5,060.00 and a P/E ratio of 1,750.41.
Severn Trent (LON:SVT) last posted its earnings results on Thursday, November 23rd. The company reported GBX 65.90 ($0.88) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 66 ($0.88) by GBX (0.10) ($0.00). Severn Trent had a return on equity of 31.14% and a net margin of 17.34%. The firm had revenue of £850.40 million during the quarter.
The company also recently announced a dividend, which will be paid on Friday, January 5th. Stockholders of record on Thursday, November 30th will be paid a GBX 34.63 ($0.46) dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a dividend yield of 1.64%.
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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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