JPMorgan Chase & Co. Boosts Severn Trent (SVT) Price Target to GBX 2,060

Severn Trent (LON:SVT) had its target price upped by analysts at JPMorgan Chase & Co. from GBX 2,050 ($26.79) to GBX 2,060 ($26.92) in a research note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 7.99% from the company’s previous close.

A number of other research analysts also recently issued reports on SVT. Goldman Sachs Group increased their price objective on Severn Trent from GBX 1,763 ($23.04) to GBX 1,847 ($24.13) and gave the stock a “sell” rating in a report on Friday, January 25th. Barclays initiated coverage on Severn Trent in a report on Wednesday, January 30th. They set an “equal weight” rating and a GBX 2,220 ($29.01) price objective for the company. Royal Bank of Canada reiterated an “outperform” rating on shares of Severn Trent in a report on Wednesday, February 6th. HSBC increased their price objective on Severn Trent from GBX 2,000 ($26.13) to GBX 2,100 ($27.44) and gave the stock a “hold” rating in a report on Wednesday, February 20th. Finally, Credit Suisse Group upgraded Severn Trent to an “outperform” rating and increased their price objective for the stock from GBX 2,000 ($26.13) to GBX 2,100 ($27.44) in a report on Thursday, May 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Severn Trent presently has an average rating of “Hold” and a consensus price target of GBX 2,090.44 ($27.32).

LON:SVT opened at GBX 1,907.50 ($24.92) on Wednesday. The company has a quick ratio of 0.61, a current ratio of 0.62 and a debt-to-equity ratio of 517.43. The stock has a market cap of $4.53 billion and a P/E ratio of 17.69. Severn Trent has a 52-week low of GBX 1,758 ($22.97) and a 52-week high of GBX 2,104 ($27.49).

Severn Trent Company Profile

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.

See Also: Put Option Volume

Analyst Recommendations for Severn Trent (LON:SVT)

Receive News & Ratings for Severn Trent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Severn Trent and related companies with MarketBeat.com's FREE daily email newsletter.