Severn Trent Plc (LON:SVT) shares traded up 0% during mid-day trading on Tuesday . The company traded as high as GBX 2,090 ($28.13) and last traded at GBX 2,075 ($27.93). 682,416 shares traded hands during trading, a decline of 19% from the average session volume of 847,692 shares. The stock had previously closed at GBX 2,075 ($27.93).
A number of research analysts have issued reports on the stock. Barclays restated an “equal weight” rating on shares of Severn Trent in a research note on Tuesday, November 14th. Deutsche Bank cut their price target on shares of Severn Trent from GBX 2,500 ($33.65) to GBX 2,250 ($30.28) and set a “hold” rating on the stock in a research note on Thursday, August 17th. Macquarie upped their price objective on shares of Severn Trent from GBX 2,570 ($34.59) to GBX 2,575 ($34.66) and gave the company an “outperform” rating in a report on Thursday, August 31st. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 2,500 ($33.65) price objective on shares of Severn Trent in a report on Thursday, October 26th. Finally, raised shares of Severn Trent to a “buy” rating and upped their price objective for the company from GBX 2,160 ($29.07) to GBX 2,300 ($30.96) in a report on Monday, November 6th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 2,426.25 ($32.65).
Severn Trent (LON:SVT) last announced its quarterly earnings results on Thursday, November 23rd. The company reported GBX 65.90 ($0.89) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of GBX 66 ($0.89) by GBX (0.10) ($0.00). The firm had revenue of £850.40 million for the quarter. Severn Trent had a return on equity of 31.14% and a net margin of 17.34%.
The firm also recently announced a dividend, which will be paid on Friday, January 5th. Shareholders of record on Thursday, November 30th will be paid a GBX 34.63 ($0.47) dividend. The ex-dividend date is Thursday, November 30th. This represents a yield of 1.64%.
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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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