Severn Trent (SVT) Rating Increased to Overweight at JPMorgan Chase

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Severn Trent (LON:SVT) was upgraded by stock analysts at JPMorgan Chase to an “overweight” rating in a research note issued to investors on Friday, March 9th. The firm currently has a GBX 2,250 ($31.58) target price on the stock. JPMorgan Chase’s price objective indicates a potential upside of 22.02% from the company’s previous close.

SVT has been the subject of several other reports. Deutsche Bank decreased their price objective on shares of Severn Trent from GBX 2,250 ($31.58) to GBX 2,200 ($30.88) and set a “hold” rating for the company in a report on Wednesday, December 6th. Goldman Sachs assumed coverage on shares of Severn Trent in a research note on Friday, January 26th. They set a “sell” rating and a GBX 1,881 ($26.40) target price for the company. Barclays restated an “equal weight” rating on shares of Severn Trent in a research note on Tuesday, November 14th. Finally, Morgan Stanley dropped their price objective on shares of Severn Trent from GBX 2,360 ($33.13) to GBX 2,130 ($29.90) and set an “equal weight” rating for the company in a research note on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Severn Trent currently has an average rating of “Hold” and an average price target of GBX 2,306.22 ($32.37).

SVT stock remained flat at $GBX 1,844 ($25.88) during trading hours on Friday. Severn Trent has a 52 week low of GBX 1,664 ($23.36) and a 52 week high of GBX 2,575 ($36.15).

In related news, insider Philip Remnant acquired 569 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were purchased at an average price of GBX 1,748 ($24.54) per share, with a total value of £9,946.12 ($13,961.43).

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Severn Trent Company Profile

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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