Severn Trent (LON:SVT) Upgraded to Overweight by JPMorgan Chase & Co.

Severn Trent (LON:SVT) was upgraded by stock analysts at JPMorgan Chase & Co. to an “overweight” rating in a report released on Friday, March 9th. The brokerage presently has a GBX 2,250 ($31.09) price target on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 26.76% from the company’s previous close.

SVT has been the topic of a number of other reports. Deutsche Bank reissued a “hold” rating and issued a GBX 2,200 ($30.40) target price on shares of Severn Trent in a research note on Thursday, December 14th. Morgan Stanley decreased their target price on shares of Severn Trent from GBX 2,360 ($32.61) to GBX 2,130 ($29.43) and set an “equal weight” rating on the stock in a research note on Tuesday, March 6th. Goldman Sachs started coverage on shares of Severn Trent in a research note on Friday, January 26th. They issued a “sell” rating and a GBX 1,881 ($25.99) target price on the stock. Finally, Barclays reissued an “equal weight” rating on shares of Severn Trent in a research note on Tuesday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 2,307.33 ($31.88).

SVT stock traded down GBX 22.50 ($0.31) on Friday, reaching GBX 1,775 ($24.52). 1,819,758 shares of the company’s stock were exchanged, compared to its average volume of 1,100,000. Severn Trent has a twelve month low of GBX 1,664 ($22.99) and a twelve month high of GBX 2,575 ($35.58). The stock has a market cap of $4,180.00 and a price-to-earnings ratio of 1,443.09.

In other news, insider Philip Remnant purchased 569 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was acquired at an average price of GBX 1,748 ($24.15) per share, for a total transaction of £9,946.12 ($13,741.53).

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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.

Analyst Recommendations for Severn Trent (LON:SVT)

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