Severn Trent Receives Neutral Rating from Bank of America Corp. (SVT)
Severn Trent (LON:SVT)‘s stock had its “neutral” rating restated by Bank of America Corp. in a research note issued on Thursday, ARN reports. They currently have a GBX 1,740 ($27.87) price target on the stock. Bank of America Corp.’s price objective suggests a potential downside of 3.01% from the company’s current price.
Severn Trent (LON:SVT) traded down 0.06% on Thursday, hitting GBX 1794.00. 277,769 shares of the company’s stock traded hands. Severn Trent has a 52 week low of GBX 1500.00 and a 52 week high of GBX 2200.00. The stock’s 50-day moving average is GBX 1738. and its 200-day moving average is GBX 1773.. The company’s market cap is £4.276 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Severn Trent (LON:SVT) in a research note to investors on Monday, September 16th. They now have a GBX 1,680 ($26.91) price target on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Severn Trent (LON:SVT) in a research note to investors on Tuesday, September 10th. They now have a GBX 2,211 ($35.42) price target on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of Severn Trent (LON:SVT) in a research note to investors on Wednesday, August 28th. They now have a GBX 1,870 ($29.95) price target on the stock. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 1,820.74 ($29.16).
Severn Trent Plc provides and treats water, and removes waste water in the United Kingdom and internationally.
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