Severn Trent Plc Upgraded to “Neutral” by Credit Suisse (SVT)
Severn Trent Plc (LON:SVT) was upgraded by stock analysts at Credit Suisse to a “neutral” rating in a report issued on Friday. The firm currently has a GBX 1,730 ($29.38) price objective on the stock, up from their previous price objective of GBX 1,540 ($26.15). Credit Suisse’s price objective points to a potential downside of 7.83% from the stock’s previous close.
A number of other analysts have also recently weighed in on SVT. Analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Severn Trent Plc in a research note on Monday, July 21st. They now have a GBX 1,900 ($32.26) price target on the stock. Separately, analysts at RBC Capital reiterated a “sector performer” rating on shares of Severn Trent Plc in a research note on Friday, July 11th. They now have a GBX 1,850 ($31.41) price target on the stock. Finally, analysts at RBC Capital reiterated a “sector performer” rating on shares of Severn Trent Plc in a research note on Friday, June 27th. They now have a GBX 1,850 ($31.41) price target on the stock. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 1,852.57 ($31.46).
Severn Trent Plc (LON:SVT) traded down 3.00% on Friday, hitting GBX 1877.00. 662,860 shares of the company’s stock traded hands. 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 1935. and a 200-day moving average of GBX 1853.. The company’s market cap is £4.485 billion.
Severn Trent Plc provides clean water and waste water services in the United Kingdom and internationally.
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