Shares of Severn Trent Plc (LON:SVT) shot up 0% during trading on Friday . The stock traded as high as GBX 1,756.50 ($24.27) and last traded at GBX 1,738 ($24.01). 1,037,246 shares changed hands during mid-day trading, a decline of 0% from the average session volume of 1,040,000 shares. The stock had previously closed at GBX 1,738 ($24.01).
Several brokerages have recently commented on SVT. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 2,500 ($34.54) price objective on shares of Severn Trent in a research note on Thursday, October 26th. Deutsche Bank lowered their price objective on Severn Trent from GBX 2,250 ($31.09) to GBX 2,200 ($30.40) and set a “hold” rating for the company in a research note on Wednesday, December 6th. Goldman Sachs Group began coverage on Severn Trent in a research note 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 note 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 note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 2,332.33 ($32.22).
The company has a market cap of $4,110.00 and a price-to-earnings ratio of 1,413.01.
In other Severn Trent news, insider Philip Remnant bought 569 shares of Severn Trent stock in a transaction dated Tuesday, February 13th. The stock was bought at an average cost of GBX 1,748 ($24.15) per share, with a total value of £9,946.12 ($13,741.53).
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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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