Bank of America Corp. Increases Severn Trent Price Target to GBX 1,780 (SVT)
Equities research analysts at Bank of America Corp. boosted their target price on shares of Severn Trent (LON:SVT) from GBX 1,740 ($28.14) to GBX 1,780 ($28.78) in a research note issued to investors on Tuesday, AmericanBankingNews.com reports. The firm currently has a “neutral” rating on the stock. Bank of America Corp.’s price target indicates a potential downside of 5.37% from the stock’s previous close.
Severn Trent (LON:SVT) traded up 1.13% during mid-day trading on Tuesday, hitting GBX 1881.00. The stock had a trading volume of 528,523 shares. 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 1762. and its 200-day moving average is GBX 1791.. The company’s market cap is £4.484 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse raised their price target on shares of Severn Trent from GBX 1,530 ($24.74) to GBX 1,580 ($25.55) in a research note to investors on Friday, October 18th. They now have a “neutral” rating on the stock. Separately, analysts at Societe Generale downgraded shares of Severn Trent to a “sell” rating in a research note to investors on Tuesday, October 15th. They now have a GBX 1,650 ($26.68) price target on the stock, down previously from GBX 2,100 ($33.96). Finally, 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 ($28.30) 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 assigned a buy rating to the company. Severn Trent currently has a consensus rating of “Hold” and a consensus price target of GBX 1,774.26 ($28.69).
Severn Trent Plc provides and treats water, and removes waste water in the United Kingdom and internationally.
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