Barclays Forecasts Strong Price Appreciation for Severn Trent (LON:SVT) Stock

Severn Trent (LON:SVT) had its price objective raised by Barclays from GBX 2,960 to GBX 3,385 in a research report issued to clients and investors on Wednesday, Marketbeat reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective points to a potential upside of 28.22% from the company’s previous close.

Severn Trent Stock Performance

Shares of SVT stock opened at GBX 2,640 on Wednesday. The company has a current ratio of 2.14, a quick ratio of 0.73 and a debt-to-equity ratio of 450.94. The company has a market cap of £7.88 billion, a PE ratio of 44.06, a P/E/G ratio of 4.69 and a beta of 0.38. The company’s fifty day simple moving average is GBX 2,668.88 and its 200-day simple moving average is GBX 2,613.48. Severn Trent has a 52 week low of GBX 2,323 and a 52 week high of GBX 2,807.

Severn Trent (LON:SVT) last announced its quarterly earnings results on Wednesday, May 21st. The company reported GBX 112.10 earnings per share for the quarter. Severn Trent had a net margin of 6.00% and a return on equity of 10.40%. As a group, equities research analysts anticipate that Severn Trent will post 107.3706004 EPS for the current year.

Insiders Place Their Bets

In other Severn Trent news, insider Helen Miles sold 8,067 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of GBX 2,673, for a total value of £215,630.91. Also, insider Olivia (Liv) Garfield sold 28,287 shares of Severn Trent stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of GBX 2,673, for a total transaction of £756,111.51. In the last quarter, insiders have acquired 3,600 shares of company stock valued at $9,500,700 and have sold 46,389 shares valued at $124,218,567. 0.25% of the stock is owned by corporate insiders.

Severn Trent Company Profile

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.