Severn Trent Stock Rating Lowered by Societe Generale (SVT)
Severn Trent (LON:SVT) was downgraded by equities researchers at Societe Generale to a “sell” rating in a research report issued on Tuesday, Stock Ratings News reports. They currently have a GBX 1,650 ($26.34) price objective on the stock, down from their previous price objective of GBX 2,100 ($33.52). Societe Generale’s price objective would suggest a potential downside of 9.04% from the stock’s previous close.
Severn Trent (LON:SVT) traded up 0.33% during mid-day trading on Tuesday, hitting GBX 1814.00. 495,087 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 has a 50-day moving average of GBX 1738. and a 200-day moving average of GBX 1773.. The company’s market cap is £4.324 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Severn Trent in a research note to investors on Monday, October 7th. They now have a GBX 1,750 ($27.94) price target on the stock. Separately, analysts at RBC Capital reiterated an “underperform” rating on shares of Severn Trent in a research note to investors on Tuesday, October 1st. They now have a GBX 1,580 ($25.22) price target on the stock. Finally, analysts at Bank of America Corp. reiterated a “neutral” rating on shares of Severn Trent in a research note to investors on Thursday, September 26th. They now have a GBX 1,740 ($27.78) price target on the stock. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. Severn Trent has an average rating of “Hold” and a consensus price target of GBX 1,786.13 ($28.51).
Severn Trent Plc provides and treats water, and removes waste water in the United Kingdom and internationally.
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