Severn Trent Given “Buy” Rating at Societe Generale (SVT)
Severn Trent (LON:SVT)‘s stock had its “buy” rating reiterated by equities researchers at Societe Generale in a research report issued on Friday, American Banking News reports. They currently have a GBX 2,153 ($35.34) price target on the stock. Societe Generale’s price target would indicate a potential upside of 28.31% from the company’s current price.
Shares of Severn Trent (LON:SVT) traded down 0.42% during mid-day trading on Friday, hitting GBX 1678.0001. The stock had a trading volume of 1,041,736 shares. Severn Trent has a one year low of GBX 1559.00 and a one year high of GBX 2200.00. The stock’s 50-day moving average is GBX 1675.31 and its 200-day moving average is GBX 1747.. The company’s market cap is £4.009 billion.
A number of other analysts have also recently weighed in on SVT. Analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Severn Trent in a research note to investors on Friday. They now have a GBX 2,153 ($35.34) price target on the stock. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of Severn Trent in a research note to investors on Thursday. They now have a GBX 1,870 ($30.70) price target on the stock. Finally, analysts at Credit Suisse downgraded shares of Severn Trent to an “underperform” rating in a research note to investors on Thursday. They now have a GBX 1,540 ($25.28) price target on the stock, down previously from GBX 1,580 ($25.94). Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 1,760.71 ($28.90).
Severn Trent Plc provides and treats water, and removes waste water in the United Kingdom and internationally.
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