Severn Trent (SVT) Stock Rating Upgraded by Credit Suisse Group

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Credit Suisse Group upgraded shares of Severn Trent (LON:SVT) to an outperform rating in a report published on Thursday morning, ThisIsMoney.Co.Uk reports. They currently have GBX 2,100 ($27.44) price objective on the stock, up from their previous price objective of GBX 2,000 ($26.13).

Other analysts also recently issued research reports about the company. Barclays initiated coverage on Severn Trent in a research note on Wednesday, January 30th. They set an equal weight rating and a GBX 2,220 ($29.01) price target on the stock. HSBC boosted their price target on Severn Trent from GBX 2,000 ($26.13) to GBX 2,100 ($27.44) and gave the company a hold rating in a research note on Wednesday, February 20th. JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 2,050 ($26.79) price target (down previously from GBX 2,200 ($28.75)) on shares of Severn Trent in a research note on Tuesday, April 9th. Royal Bank of Canada restated an outperform rating on shares of Severn Trent in a research note on Wednesday, February 6th. Finally, Goldman Sachs Group upped their target price on Severn Trent from GBX 1,847 ($24.13) to GBX 1,880 ($24.57) and gave the stock a sell rating in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Severn Trent has a consensus rating of Hold and a consensus price target of GBX 2,089.33 ($27.30).

Severn Trent stock traded up GBX 18 ($0.24) during trading hours on Thursday, hitting GBX 1,923.50 ($25.13). 1,332,652 shares of the stock traded hands, compared to its average volume of 1,100,000. The company has a debt-to-equity ratio of 517.43, a quick ratio of 0.61 and a current ratio of 0.62. The company has a market cap of $4.58 billion and a PE ratio of 17.84. Severn Trent has a 1 year low of GBX 1,758 ($22.97) and a 1 year high of GBX 2,104 ($27.49).

About Severn Trent

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.

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Analyst Recommendations for Severn Trent (LON:SVT)

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