Severn Trent (LON:SVT) Price Target Raised to GBX 3,385 at Barclays

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 objective boosted by equities researchers at Barclays from GBX 2,960 to GBX 3,385 in a report released on Wednesday, Marketbeat reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's price target points to a potential upside of 29.20% from the stock's current price.

Severn Trent Stock Down 0.8%

Shares of SVT stock traded down GBX 20 during trading hours on Wednesday, reaching GBX 2,620. The company had a trading volume of 948,028 shares, compared to its average volume of 2,272,862. The company has a debt-to-equity ratio of 450.94, a quick ratio of 0.73 and a current ratio of 2.14. Severn Trent has a twelve month low of GBX 2,323 and a twelve month high of GBX 2,807. The company has a market capitalization of £7.82 billion, a P/E ratio of 43.73, a price-to-earnings-growth ratio of 4.69 and a beta of 0.38. The stock's fifty day simple moving average is GBX 2,667.17 and its 200 day simple moving average is GBX 2,615.25.

Severn Trent (LON:SVT - Get Free Report) last posted its earnings results on Wednesday, May 21st. The company reported GBX 112.10 earnings per share (EPS) for the quarter. Severn Trent had a return on equity of 10.40% and a net margin of 6.00%. As a group, sell-side analysts expect that Severn Trent will post 107.3706004 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Olivia (Liv) Garfield sold 28,287 shares of the stock in a transaction dated Friday, July 25th. The stock was sold at an average price of GBX 2,673, for a total value of £756,111.51. Also, insider Helen Miles sold 8,067 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of GBX 2,673, for a total value of £215,630.91. In the last quarter, insiders have acquired 3,600 shares of company stock valued at $9,500,700 and have sold 46,389 shares valued at $124,218,567. 0.25% of the stock is owned by corporate insiders.

About Severn Trent

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.