Severn Trent Plc (LON:SVT) Insider Sells £227,998.80 in Stock

Severn Trent Plc (LON:SVT) insider James Bowling sold 9,080 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of GBX 2,511 ($31.96), for a total value of £227,998.80 ($290,185.57).

SVT traded down GBX 18 ($0.23) on Thursday, hitting GBX 2,472 ($31.46). The company had a trading volume of 399,144 shares, compared to its average volume of 1,100,000. The stock has a market cap of $5.96 billion and a price-to-earnings ratio of 37.78. The company has a debt-to-equity ratio of 517.26, a current ratio of 0.57 and a quick ratio of 0.52. The company’s fifty day moving average price is GBX 2,445.70 and its 200 day moving average price is GBX 2,443.32. Severn Trent Plc has a 1-year low of GBX 1,921 ($24.45) and a 1-year high of GBX 2,716 ($34.57).

Severn Trent (LON:SVT) last released its quarterly earnings results on Wednesday, May 20th. The company reported GBX 146 ($1.86) EPS for the quarter, beating the Zacks’ consensus estimate of GBX 135.20 ($1.72) by GBX 10.80 ($0.14). On average, sell-side analysts forecast that Severn Trent Plc will post 14003.9986043 EPS for the current year.

The company also recently announced a dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, June 11th will be given a dividend of GBX 60.05 ($0.76) per share. This is a positive change from Severn Trent’s previous dividend of $40.03. The ex-dividend date is Thursday, June 11th. This represents a yield of 2.45%. Severn Trent’s payout ratio is currently 150.83%.

A number of research analysts recently commented on the stock. Royal Bank of Canada raised shares of Severn Trent to an “outperform” rating and lowered their price objective for the company from GBX 2,650 ($33.73) to GBX 2,500 ($31.82) in a research report on Tuesday, April 7th. Barclays reaffirmed an “equal weight” rating on shares of Severn Trent in a research note on Friday, May 22nd. Deutsche Bank lifted their price objective on Severn Trent from GBX 2,500 ($31.82) to GBX 2,550 ($32.46) and gave the company a “buy” rating in a research report on Friday, June 5th. HSBC dropped their target price on Severn Trent from GBX 2,550 ($32.46) to GBX 2,450 ($31.18) and set a “hold” rating on the stock in a research report on Tuesday, May 19th. Finally, Jefferies Financial Group reduced their price target on Severn Trent from GBX 2,320 ($29.53) to GBX 2,250 ($28.64) and set a “hold” rating for the company in a report on Monday, April 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Severn Trent currently has a consensus rating of “Hold” and an average price target of GBX 2,339.44 ($29.78).

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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