Severn Trent (LON:SVT) had its target price trimmed by Morgan Stanley from GBX 2,360 ($32.61) to GBX 2,130 ($29.43) in a research note released on Tuesday morning. The brokerage currently has an equal weight rating on the stock.
Several other research firms have also commented on SVT. Deutsche Bank reaffirmed a hold rating and set a GBX 2,250 ($31.09) price target on shares of Severn Trent in a research report on Tuesday, November 7th. Barclays reaffirmed an equal weight rating on shares of Severn Trent in a research report on Tuesday, November 14th. raised shares of Severn Trent to a buy rating and upped their price target for the company from GBX 2,160 ($29.84) to GBX 2,300 ($31.78) in a research report on Monday, November 6th. JPMorgan Chase & Co. reduced their price target on shares of Severn Trent from GBX 2,500 ($34.54) to GBX 2,250 ($31.09) and set a neutral rating for the company in a research report on Thursday, December 7th. Finally, Goldman Sachs Group assumed coverage on shares of Severn Trent in a research report on Friday, January 26th. They set a sell rating and a GBX 1,881 ($25.99) price target for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of GBX 2,307.33 ($31.88).
Shares of Severn Trent (LON:SVT) opened at GBX 1,757 ($24.27) on Tuesday. Severn Trent has a 52-week low of GBX 1,664 ($22.99) and a 52-week high of GBX 2,575 ($35.58). The company has a market cap of $4,140.00 and a PE ratio of 1,428.46.
In related news, insider Philip Remnant acquired 569 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was bought at an average cost of GBX 1,748 ($24.15) per share, for a total transaction of £9,946.12 ($13,741.53).
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.