A number of other research firms have also recently commented on SVT. J P Morgan Chase & Co decreased their price objective on Severn Trent from GBX 2,500 ($33.65) to GBX 2,250 ($30.28) and set a neutral rating on the stock in a report on Thursday, December 7th. upgraded Severn Trent to a buy rating and upped their price objective for the company from GBX 2,160 ($29.07) to GBX 2,300 ($30.96) in a report on Monday, November 6th. Credit Suisse Group reiterated a neutral rating and issued a GBX 2,230 ($30.01) price objective on shares of Severn Trent in a report on Thursday, November 2nd. Barclays reiterated an equal weight rating on shares of Severn Trent in a report on Tuesday, November 14th. Finally, Macquarie upped their price objective on Severn Trent from GBX 2,570 ($34.59) to GBX 2,575 ($34.66) and gave the company an outperform rating in a report on Thursday, August 31st. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of GBX 2,388.75 ($32.15).
Severn Trent (LON:SVT) opened at GBX 2,090 ($28.13) on Thursday. Severn Trent has a twelve month low of GBX 2,041.50 ($27.48) and a twelve month high of GBX 2,575 ($34.66).
The company also recently announced a dividend, which will be paid on Friday, January 5th. Shareholders of record on Thursday, November 30th will be given a GBX 34.63 ($0.47) dividend. This represents a yield of 1.64%. The ex-dividend date is Thursday, November 30th.
About Severn Trent
Severn Trent Plc treats and provides water and removes wastewater in the United Kingdom and internationally. The Company provides clean water and wastewater services through its businesses, Severn Trent Water and Severn Trent Business Services. It operates through two segments: Regulated Water and Waste Water, and Business Services.
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