Severn Trent (SVT) Upgraded at Credit Suisse Group
Severn Trent (LON:SVT) was upgraded by equities research analysts at Credit Suisse Group to an “outperform” rating in a research note issued to investors on Thursday, ThisIsMoney.Co.Uk reports. The brokerage presently has a GBX 2,100 ($27.44) price target on the stock, up from their previous price target of GBX 2,000 ($26.13). Credit Suisse Group’s price objective points to a potential upside of 6.79% from the company’s current price.
Other equities research analysts also recently issued reports about the stock. Barclays started coverage on shares of Severn Trent in a report on Wednesday, January 30th. They issued an “equal weight” rating and a GBX 2,220 ($29.01) price target for the company. HSBC upped their price target on shares of Severn Trent from GBX 2,000 ($26.13) to GBX 2,100 ($27.44) and gave the company a “hold” rating in a report on Wednesday, February 20th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 2,050 ($26.79) price target (down from GBX 2,200 ($28.75)) on shares of Severn Trent in a report on Tuesday, April 9th. Royal Bank of Canada reissued an “outperform” rating on shares of Severn Trent in a report on Wednesday, February 6th. Finally, Goldman Sachs Group upped their price target on shares of Severn Trent from GBX 1,847 ($24.13) to GBX 1,880 ($24.57) and gave the company a “sell” rating in a report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 2,106.75 ($27.53).
Shares of LON SVT opened at GBX 1,966.50 ($25.70) on Thursday. Severn Trent has a twelve month low of GBX 1,758 ($22.97) and a twelve month high of GBX 2,104 ($27.49). The company has a debt-to-equity ratio of 517.43, a current ratio of 0.62 and a quick ratio of 0.61. The stock has a market capitalization of $4.67 billion and a price-to-earnings ratio of 18.24.
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.
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