Severn Trent Rating Reiterated by Deutsche Bank (SVT)
Severn Trent (LON:SVT)‘s stock had its “hold” rating reaffirmed by analysts at Deutsche Bank in a research report issued to clients and investors on Tuesday, AnalystRatings.Net reports. They currently have a GBX 1,550 ($25.44) price objective on the stock. Deutsche Bank’s price target points to a potential downside of 7.52% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley cut their price target on shares of Severn Trent from GBX 1,730 ($28.40) to GBX 1,696 ($27.84) in a research note to investors on Thursday, January 16th. They now have an “equal weight” rating on the stock. Separately, analysts at HSBC reiterated an “underweight” rating on shares of Severn Trent in a research note to investors on Thursday, January 9th. They now have a GBX 1,695 ($27.82) price target on the stock. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Severn Trent to an “underweight” rating in a research note to investors on Tuesday, January 7th. They now have a GBX 1,535 ($25.20) price target on the stock, down previously from GBX 1,680 ($27.58). Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 1,726.98 ($28.35).
Severn Trent (LON:SVT) traded up 0.54% during mid-day trading on Tuesday, hitting GBX 1676.00. 828,131 shares of the company’s stock traded hands. Severn Trent has a 52 week low of GBX 1559.00 and a 52 week high of GBX 2200.00. The stock’s 50-day moving average is GBX 1675. and its 200-day moving average is GBX 1748.06. The company’s market cap is £4.004 billion.
Severn Trent Plc provides and treats water, and removes waste water in the United Kingdom and internationally.
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