Barclays Issues Positive Forecast for Severn Trent (LON:SVT) Stock Price

Key Points

• Barclays has increased its price target for Severn Trent from GBX 2,960 to GBX 3,385, indicating a potential upside of 29.79% from the current price.
• Severn Trent's stock is currently trading at GBX 2,608 and has a market capitalization of £7.79 billion.
• Insiders have recently purchased a total of 3,600 shares, while selling 46,389 shares in the last ninety days, reflecting mixed sentiment among corporate insiders.

Severn Trent (LON:SVT - Get Free Report) had its price target increased by stock analysts at Barclays from GBX 2,960 to GBX 3,385 in a report issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's target price suggests a potential upside of 29.20% from the company's current price.

Severn Trent Stock Performance

Shares of SVT stock traded down GBX 20 during mid-day trading on Wednesday, hitting GBX 2,620. 948,028 shares of the stock were exchanged, compared to its average volume of 2,272,862. The stock's fifty day simple moving average is GBX 2,667.17 and its two-hundred day simple moving average is GBX 2,616.13. The stock has a market capitalization of £7.82 billion, a price-to-earnings ratio of 43.73, a P/E/G ratio of 4.69 and a beta of 0.38. Severn Trent has a 12-month low of GBX 2,323 and a 12-month high of GBX 2,807. The company has a debt-to-equity ratio of 450.94, a quick ratio of 0.73 and a current ratio of 2.14.

Insider Buying and Selling

In other news, insider Nick Hampton acquired 1,500 shares of Severn Trent stock in a transaction on Monday, June 9th. The stock was bought at an average price of GBX 2,640 per share, for a total transaction of £39,600. Also, insider Olivia (Liv) Garfield sold 28,287 shares of the business's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of GBX 2,673, for a total value of £756,111.51. In the last 90 days, insiders have bought 3,600 shares of company stock valued at $9,500,700 and have sold 46,389 shares valued at $124,218,567. Corporate insiders own 0.25% of the company's stock.

Severn Trent Company Profile

As one of Britain's largest water companies, we supply fresh, clean drinking water to over nine million people across our region - around two billion litres every day. Once used, we collect, clean, and treat the water before safely returning it to the environment. We are one of only three listed water stocks in the UK, offering a valuable combination of reliable earnings, long-term asset growth, and inflation-linked dividends.