Severn Trent Plc (SVT) Downgraded by Royal Bank Of Canada to “Underperform”
Severn Trent Plc (LON:SVT) was downgraded by equities research analysts at Royal Bank Of Canada to an “underperform” rating in a report released on Wednesday. They currently have a GBX 2,300 ($30.02) price target on the stock, up from their previous price target of GBX 2,200 ($28.72). Royal Bank Of Canada’s price objective suggests a potential downside of 1.08% from the company’s previous close.
SVT has been the subject of a number of other reports. Deutsche Bank AG reissued a “buy” rating on shares of Severn Trent Plc in a research note on Friday, June 24th. Credit Suisse Group AG restated an “underperform” rating and set a GBX 2,100 ($27.41) price target on shares of Severn Trent Plc in a research report on Friday, August 26th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 2,450 ($31.98) price target on shares of Severn Trent Plc in a research report on Wednesday, September 7th. HSBC restated a “hold” rating and set a GBX 2,250 ($29.37) price target on shares of Severn Trent Plc in a research report on Tuesday, July 5th. Finally, Beaufort Securities restated a “buy” rating on shares of Severn Trent Plc in a research report on Thursday, July 21st. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 2,196.13 ($28.67).
Shares of Severn Trent Plc (LON:SVT) traded down 1.90% during mid-day trading on Wednesday, reaching GBX 2325.00. 1,261,967 shares of the company were exchanged. The firm’s market capitalization is GBX 5.47 billion. Severn Trent Plc has a 12 month low of GBX 2,024.00 and a 12 month high of GBX 2,526.00. The company’s 50 day moving average price is GBX 2,425.05 and its 200 day moving average price is GBX 2,329.12.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/08/severn-trent-plc-svt-downgraded-by-royal-bank-of-canada-to-underperform.html
About Severn Trent Plc
Severn Trent Plc is a United Kingdom-based company, which treats and provides water and removes waste water in the United Kingdom and internationally. The Company operates through two segments: Severn Trent Water and Severn Trent Services. Severn Trent Water provides high quality water and sewerage services to over 3.3 million households and businesses in the Midlands and mid-Wales.
Receive News & Ratings for Severn Trent Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Severn Trent Plc and related companies with MarketBeat.com's FREE daily email newsletter.