Severn Trent (LON:SVT) Lowered to Underperform at JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of Severn Trent (LON:SVT) to an underperform rating in a report published on Monday, Digital Look reports. The brokerage currently has GBX 2,000 ($26.13) price target on the stock, down from their previous price target of GBX 2,060 ($26.92).

SVT has been the subject of several other reports. Deutsche Bank reiterated a hold rating and set a GBX 350 ($4.57) price objective on shares of in a research note on Friday, July 5th. Goldman Sachs Group started coverage on Colfax in a research note on Friday, April 5th. They set a buy rating and a $34.00 price objective for the company. Macquarie upgraded AGL Energy from an underperform rating to a neutral rating in a research note on Monday, June 17th. Credit Suisse Group boosted their price objective on Johnson & Johnson from $152.00 to $156.00 and gave the stock an outperform rating in a research note on Thursday, May 16th. Finally, Barclays reiterated a top pick rating and set a GBX 3,250 ($42.47) price objective on shares of in a research note on Wednesday, June 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of GBX 2,105.40 ($27.51).

LON SVT opened at GBX 2,032 ($26.55) on Monday. Severn Trent has a twelve month low of GBX 1,758 ($22.97) and a twelve month high of GBX 2,153 ($28.13). The business has a 50-day simple moving average of GBX 2,040.57. The company has a quick ratio of 0.73, a current ratio of 0.78 and a debt-to-equity ratio of 530.38. The firm has a market cap of $4.91 billion and a PE ratio of 15.26.

The company also recently disclosed a dividend, which will be paid on Friday, July 19th. Shareholders of record on Thursday, June 13th will be paid a dividend of GBX 56.02 ($0.73) per share. This is a positive change from Severn Trent’s previous dividend of $37.35. This represents a yield of 2.89%. The ex-dividend date is Thursday, June 13th. Severn Trent’s payout ratio is 0.70%.

In other Severn Trent news, insider James Bowling sold 9,854 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of GBX 2,087 ($27.27), for a total transaction of £205,652.98 ($268,722.04).

About Severn Trent

Severn Trent Plc operates as a water and sewerage company in the United Kingdom and internationally. The company operates through two segments, Regulated Water and Waste Water, and Business Services. The Regulated Water and Waste Water segment provides water and sewerage services to approximately 4.3 million households and businesses in the Midlands and mid-Wales.

Further Reading: Certificate of Deposit (CD)

Analyst Recommendations for Severn Trent (LON:SVT)

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