Severn Trent (SVT) Trading Down 2.2%

Severn Trent Plc (LON:SVT) dropped 2.2% during trading on Thursday . The stock traded as low as GBX 1,910.50 ($26.83) and last traded at GBX 1,910.50 ($26.83). Approximately 1,270,000 shares changed hands during mid-day trading, an increase of 57% from the average daily volume of 809,557 shares. The stock had previously closed at GBX 1,953.50 ($27.43).

SVT has been the topic of several recent research reports. Deutsche Bank reiterated a “hold” rating and issued a GBX 2,200 ($30.89) price objective on shares of Severn Trent in a research report on Thursday, December 14th. JPMorgan Chase & Co. decreased their price objective on shares of Severn Trent from GBX 2,500 ($35.11) to GBX 2,250 ($31.60) and set a “neutral” rating on the stock in a research report on Thursday, December 7th. Credit Suisse Group reiterated a “neutral” rating and issued a GBX 2,230 ($31.32) price objective on shares of Severn Trent in a research report on Thursday, November 2nd. Barclays reiterated an “equal weight” rating on shares of Severn Trent in a research report on Tuesday, November 14th. Finally, upgraded shares of Severn Trent to a “buy” rating and boosted their price objective for the stock from GBX 2,160 ($30.33) to GBX 2,300 ($32.30) in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Severn Trent has a consensus rating of “Hold” and a consensus target price of GBX 2,332.33 ($32.75).

The company has a market cap of $4,520.00 and a P/E ratio of 1,552.85.

Severn Trent (LON:SVT) last announced its earnings results on Thursday, November 23rd. The company reported GBX 65.90 ($0.93) earnings per share for the quarter, missing the consensus estimate of GBX 66 ($0.93) 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 company also recently announced a dividend, which was paid on Friday, January 5th. Investors of record on Thursday, November 30th were paid a GBX 34.63 ($0.49) dividend. This represents a yield of 1.64%. The ex-dividend date was 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.

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