Severn Trent (SVT) Given New GBX 2,200 Price Target at Deutsche Bank

Severn Trent (LON:SVT) had its target price lowered by Deutsche Bank from GBX 2,250 ($30.28) to GBX 2,200 ($29.61) in a report released on Wednesday. The brokerage currently has a hold rating on the stock.

Other analysts also recently issued reports about the company. raised Severn Trent to a buy rating and raised their target price for the stock from GBX 2,160 ($29.07) to GBX 2,300 ($30.96) in a research note on Monday, November 6th. Barclays reaffirmed an equal weight rating on shares of Severn Trent in a research note on Tuesday, November 14th. Credit Suisse Group reaffirmed a neutral rating and issued a GBX 2,230 ($30.01) target price on shares of Severn Trent in a research note on Thursday, November 2nd. J P Morgan Chase & Co reaffirmed a neutral rating and issued a GBX 2,500 ($33.65) target price on shares of Severn Trent in a research note on Thursday, October 26th. Finally, Macquarie raised their target price on Severn Trent from GBX 2,570 ($34.59) to GBX 2,575 ($34.66) and gave the stock an outperform rating in a research note on Thursday, August 31st. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of GBX 2,388.75 ($32.15).

Severn Trent (LON:SVT) traded up GBX 4.60 ($0.06) during midday trading on Wednesday, reaching GBX 2,074 ($27.91). The company had a trading volume of 1,071,152 shares, compared to its average volume of 847,692. Severn Trent has a 1 year low of GBX 2,041.50 ($27.48) and a 1 year high of GBX 2,575 ($34.66).

Severn Trent (LON:SVT) last posted its quarterly earnings data on Thursday, November 23rd. The company reported GBX 65.90 ($0.89) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 66 ($0.89) by GBX (0.10) ($0.00). Severn Trent had a net margin of 17.34% and a return on equity of 31.14%. The firm had revenue of £850.40 million during the quarter.

The firm also recently declared a dividend, which will be paid on Friday, January 5th. Stockholders of record on Thursday, November 30th will be issued a dividend of GBX 34.63 ($0.47) per share. This represents a dividend yield of 1.64%. The ex-dividend date is Thursday, November 30th.

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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.

Analyst Recommendations for Severn Trent (LON:SVT)

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