Royal Bank of Canada Reiterates Sector Perform Rating for Severn Trent (LON:SVT)

Severn Trent (LON:SVTGet Rating)‘s stock had its “sector perform” rating reaffirmed by stock analysts at Royal Bank of Canada in a report issued on Tuesday, MarketBeat reports. They currently have a GBX 2,950 ($36.85) price objective on the stock. Royal Bank of Canada’s target price indicates a potential downside of 2.38% from the stock’s previous close.

A number of other equities research analysts have also weighed in on SVT. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Severn Trent in a research note on Tuesday, February 8th. Morgan Stanley reiterated an “equal weight” rating on shares of Severn Trent in a research report on Friday, March 25th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 2,743.75 ($34.28).

LON SVT opened at GBX 3,022 ($37.75) on Tuesday. The company has a 50-day simple moving average of GBX 2,993.07 and a two-hundred day simple moving average of GBX 2,896.69. Severn Trent has a 12-month low of GBX 2,400 ($29.98) and a 12-month high of GBX 3,228 ($40.32). The firm has a market cap of £7.56 billion and a price-to-earnings ratio of -105.12. The company has a quick ratio of 0.63, a current ratio of 0.71 and a debt-to-equity ratio of 562.29.

In other Severn Trent news, insider Kevin S. Beeston bought 1,781 shares of the business’s stock in a transaction that occurred on Tuesday, February 8th. The shares were bought at an average cost of GBX 2,803 ($35.02) per share, with a total value of £49,921.43 ($62,362.81).

About Severn Trent (Get Rating)

Severn Trent Plc operates as a water and sewerage company in England and Wales. It operates in two segments, Regulated Water and Waste Water, and Business Services. The Regulated Water and Waste Water segment offers water and waste water services to approximately 4.6 million households and businesses in the Midlands and Wales.

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Analyst Recommendations for Severn Trent (LON:SVT)

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