Severn Trent Plc Downgraded to “Neutral” at Goldman Sachs (SVT)
Severn Trent Plc (LON:SVT) was downgraded by Goldman Sachs to a “neutral” rating in a research note issued on Tuesday. They currently have a GBX 2,122 ($36.11) price objective on the stock. Goldman Sachs’ price objective indicates a potential upside of 10.58% from the stock’s current price.
A number of other analysts have also recently weighed in on SVT. Analysts at HSBC reiterated an “underweight” rating on shares of Severn Trent Plc in a research note on Monday. They now have a GBX 1,780 ($30.29) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Severn Trent Plc in a research note on Wednesday, June 18th. They now have a GBX 1,900 ($32.33) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Severn Trent Plc in a research note on Friday, June 13th. They now have a GBX 1,750 ($29.78) price target on the stock. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 1,839 ($31.30).
Shares of Severn Trent Plc (LON:SVT) traded down 1.24% during mid-day trading on Tuesday, hitting GBX 1919.00. The stock had a trading volume of 485,970 shares. Severn Trent Plc has a one year low of GBX 1626.00 and a one year high of GBX 2011.00. The stock has a 50-day moving average of GBX 1931. and a 200-day moving average of GBX 1807.. The company’s market cap is £4.585 billion.
The company also recently declared a dividend, which is scheduled for Friday, July 25th. Stockholders of record on Wednesday, June 18th will be given a dividend of GBX 48.24 ($0.82) per share. This represents a yield of 2.48%. The ex-dividend date of this dividend is Wednesday, June 18th.
Severn Trent Plc provides clean water and waste water services in the United Kingdom and internationally.
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