Severn Trent (LON:SVT) PT Lowered to GBX 2,850

Posted by on Jun 6th, 2023

Severn Trent (LON:SVT – Get Rating) had its price objective reduced by Deutsche Bank Aktiengesellschaft from GBX 3,000 ($37.29) to GBX 2,850 ($35.43) in a research note published on Friday morning, Marketbeat reports. They currently have a hold rating on the stock.

Several other equities research analysts also recently commented on SVT. Barclays reiterated an equal weight rating and set a GBX 3,280 ($40.78) price objective on shares of Severn Trent in a research note on Thursday, February 9th. Royal Bank of Canada downgraded shares of Severn Trent to a sector perform rating and boosted their target price for the company from GBX 2,900 ($36.05) to GBX 3,000 ($37.29) in a research report on Monday, February 13th.

Severn Trent Trading Up 1.4 %

LON:SVT opened at GBX 2,745 ($34.12) on Friday. Severn Trent has a 12 month low of GBX 2,167.42 ($26.94) and a 12 month high of GBX 3,021 ($37.56). The firm has a fifty day simple moving average of GBX 2,876.94 and a 200-day simple moving average of GBX 2,805.42. The company has a current ratio of 0.76, a quick ratio of 0.73 and a debt-to-equity ratio of 752.48. The company has a market capitalization of £6.91 billion, a P/E ratio of 5,179.25, a PEG ratio of 4.51 and a beta of 0.47.

Severn Trent Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 14th. Investors of record on Thursday, June 1st will be given a dividend of GBX 64.09 ($0.80) per share. The ex-dividend date is Thursday, June 1st. This is an increase from Severn Trent’s previous dividend of $42.73. This represents a yield of 2.29%. Severn Trent’s payout ratio is currently 20,188.68%.

Insider Activity at Severn Trent

In other Severn Trent news, insider Sarah Legg sold 750 shares of Severn Trent stock in a transaction on Friday, March 24th. The shares were sold at an average price of GBX 2,829 ($35.17), for a total value of £21,217.50 ($26,376.80). 0.35% of the stock is currently owned by insiders.

About Severn Trent

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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 4.8 million households and businesses in the Midlands and Wales.

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