Investec Reiterates “Buy” Rating for Severn Trent Plc (SVT)
Severn Trent Plc (LON:SVT)‘s stock had its “buy” rating reissued by stock analysts at Investec in a research note issued to investors on Wednesday.
Other research analysts have also recently issued reports about the stock. Deutsche Bank AG reissued a “buy” rating on shares of Severn Trent Plc in a report on Friday, June 24th. Credit Suisse Group AG reissued an “underperform” rating and set a GBX 2,100 ($25.59) price target on shares of Severn Trent Plc in a report on Friday, August 26th. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 2,450 ($29.86) price target on shares of Severn Trent Plc in a report on Wednesday, September 7th. Royal Bank Of Canada cut shares of Severn Trent Plc to an “underperform” rating and increased their price target for the stock from GBX 2,200 ($26.81) to GBX 2,300 ($28.03) in a report on Wednesday, October 5th. Finally, HSBC reissued a “hold” rating and set a GBX 2,250 ($27.42) price target on shares of Severn Trent Plc in a report on Tuesday, July 5th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 2,196.13 ($26.77).
Severn Trent Plc (LON:SVT) opened at 2347.00 on Wednesday. Severn Trent Plc has a 1-year low of GBX 2,024.00 and a 1-year high of GBX 2,526.00. The firm has a 50-day moving average of GBX 2,408.27 and a 200-day moving average of GBX 2,338.42. The stock’s market capitalization is GBX 5.52 billion.
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 http://www.americanbankingnews.com/2016/10/19/severn-trent-plcs-svt-buy-rating-reiterated-at-investec.html
Severn Trent Plc Company Profile
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.