Severn Trent Plc (SVT) PT Raised to GBX 2,500
Severn Trent Plc (LON:SVT) had its target price hoisted by JPMorgan Chase & Co. from GBX 2,280 ($29.66) to GBX 2,500 ($32.52) in a research report issued to clients and investors on Wednesday. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price points to a potential downside of 2.08% from the company’s previous close.
Several other equities research analysts have also issued reports on the stock. HSBC Holdings plc lowered shares of Severn Trent Plc to a “reduce” rating and decreased their price target for the stock from GBX 2,330 ($30.31) to GBX 2,200 ($28.62) in a research note on Wednesday, April 26th. Credit Suisse Group AG restated a “neutral” rating and set a GBX 2,190 ($28.49) price target on shares of Severn Trent Plc in a research note on Monday, February 6th. Deutsche Bank AG restated a “buy” rating and set a GBX 2,300 ($29.92) price target on shares of Severn Trent Plc in a research note on Friday, May 5th. Macquarie decreased their price target on shares of Severn Trent Plc from GBX 2,700 ($35.12) to GBX 2,660 ($34.60) and set an “outperform” rating for the company in a research note on Tuesday, January 24th. Finally, Royal Bank of Canada raised their price target on shares of Severn Trent Plc from GBX 2,300 ($29.92) to GBX 2,400 ($31.22) and gave the stock an “underperform” rating in a research note on Thursday, May 4th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Severn Trent Plc currently has an average rating of “Hold” and an average price target of GBX 2,330 ($30.31).
Severn Trent Plc (LON:SVT) traded up 2.49% during trading on Wednesday, reaching GBX 2553.00. The company had a trading volume of 1,897,595 shares. Severn Trent Plc has a one year low of GBX 2,047.00 and a one year high of GBX 2,575.00. The company’s market capitalization is GBX 6.12 billion. The company has a 50-day moving average price of GBX 2,394.40 and a 200 day moving average price of GBX 2,290.93.
The company also recently declared a dividend, which will be paid on Friday, July 21st. Shareholders of record on Thursday, June 15th will be issued a GBX 48.90 ($0.64) dividend. This represents a yield of 2%. This is an increase from Severn Trent Plc’s previous dividend of $32.60. The ex-dividend date is Thursday, June 15th.
About Severn Trent Plc
Severn Trent Plc treats and provides water and removes wastewater in the United Kingdom and internationally. The Company provides clean water and wastewater services through its businesses, Severn Trent Water and Severn Trent Business Services. It operates through two segments: Regulated Water and Waste Water, and Business Services.
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