Citigroup Cuts Severn Trent (LON:SVT) Price Target to GBX 2,849

Severn Trent (LON:SVT) had its price target dropped by stock analysts at Citigroup from GBX 2,875 to GBX 2,849 in a report released on Monday,Digital Look reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price target would indicate a potential upside of 3.71% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 2,850 price objective on shares of Severn Trent in a report on Monday, October 13th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 2,610 target price on shares of Severn Trent in a research report on Wednesday, October 1st. Finally, Barclays raised their price target on Severn Trent from GBX 2,960 to GBX 3,385 and gave the company an “equal weight” rating in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of GBX 2,858.80.

Severn Trent Price Performance

SVT stock traded down GBX 34 during midday trading on Monday, hitting GBX 2,747. The company’s stock had a trading volume of 686,378 shares, compared to its average volume of 2,227,546. The company has a quick ratio of 0.73, a current ratio of 2.14 and a debt-to-equity ratio of 450.94. Severn Trent has a 12 month low of GBX 2,323 and a 12 month high of GBX 2,847. The company has a 50 day moving average of GBX 2,626.36 and a two-hundred day moving average of GBX 2,664.87. The firm has a market capitalization of £8.27 billion, a price-to-earnings ratio of 35.96, a price-to-earnings-growth ratio of 4.69 and a beta of 0.38.

About Severn Trent

As one of Britain’s largest water companies, we supply fresh, clean drinking water to over nine million people across our region – around two billion litres every day. Once used, we collect, clean, and treat the water before safely returning it to the environment. We are one of only three listed water stocks in the UK, offering a valuable combination of reliable earnings, long-term asset growth, and inflation-linked dividends.