upgraded shares of Severn Trent Plc (LON:SVT) to a buy rating in a research note published on Monday, November 6th. currently has GBX 2,300 ($30.25) price objective on the stock, up from their prior price objective of GBX 2,160 ($28.41).
Several other brokerages have also recently issued reports on SVT. Morgan Stanley lowered their price objective on shares of Severn Trent from GBX 2,395 ($31.50) to GBX 2,355 ($30.97) and set an equal weight rating for the company in a research note on Tuesday, July 18th. Deutsche Bank AG reissued a hold rating and set a GBX 2,500 ($32.88) price objective on shares of Severn Trent in a research note on Wednesday, July 12th. Credit Suisse Group reissued a neutral rating and set a GBX 2,230 ($29.33) price objective on shares of Severn Trent in a research note on Thursday, November 2nd. J P Morgan Chase & Co reissued a neutral rating and set a GBX 2,500 ($32.88) price objective on shares of Severn Trent in a research note on Thursday, October 26th. Finally, Macquarie lifted their target price on shares of Severn Trent from GBX 2,570 ($33.80) to GBX 2,575 ($33.87) and gave the company an outperform rating in a report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of GBX 2,378.89 ($31.29).
Shares of Severn Trent (LON SVT) traded down GBX 30 ($0.39) on Monday, hitting GBX 2,106 ($27.70). 920,770 shares of the stock were exchanged, compared to its average volume of 796,769. Severn Trent has a fifty-two week low of GBX 2,047 ($26.92) and a fifty-two week high of GBX 2,575 ($33.87).
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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.
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