Severn Trent Plc (LON:SVT) Receives Consensus Rating of “Hold” from Analysts
Shares of Severn Trent Plc (LON:SVT) have earned a consensus recommendation of “Hold” from the thirteen analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 2,357.50 ($30.78).
A number of research analysts recently weighed in on SVT shares. Deutsche Bank AG reissued a “buy” rating and issued a GBX 2,300 ($30.03) price objective on shares of Severn Trent Plc in a research note on Friday, March 24th. Macquarie reissued an “outperform” rating and issued a GBX 2,570 ($33.56) price objective on shares of Severn Trent Plc in a research note on Friday, April 21st. HSBC Holdings plc downgraded Severn Trent Plc to a “reduce” rating and cut their price objective for the company from GBX 2,330 ($30.43) to GBX 2,200 ($28.73) in a research note on Wednesday, April 26th. Royal Bank Of Canada raised their price objective on Severn Trent Plc from GBX 2,300 ($30.03) to GBX 2,400 ($31.34) and gave the company an “underperform” rating in a research note on Thursday, May 4th. Finally, Beaufort Securities reissued a “buy” rating on shares of Severn Trent Plc in a research note on Wednesday, May 24th.
Severn Trent Plc (LON SVT) traded down 1.10% during trading on Friday, reaching GBX 2241.00. The company’s stock had a trading volume of 576,091 shares. The stock’s 50-day moving average is GBX 2,319.34 and its 200 day moving average is GBX 2,336.94. Severn Trent Plc has a 52-week low of GBX 2,047.00 and a 52-week high of GBX 2,575.00. The firm’s market capitalization is GBX 5.28 billion.
The firm also recently declared a dividend, which will be paid on Friday, July 21st. Shareholders of record on Thursday, June 15th will be given a GBX 48.90 ($0.64) dividend. This is an increase from Severn Trent Plc’s previous dividend of $32.60. This represents a yield of 2%. The ex-dividend date of this dividend is Thursday, June 15th.
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In other news, insider Emma FitzGerald sold 7,282 shares of Severn Trent Plc stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of GBX 2,237 ($29.21), for a total transaction of £162,898.34 ($212,716.56). Also, insider Dominique Reiniche acquired 400 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The shares were purchased at an average cost of GBX 2,266 ($29.59) per share, for a total transaction of £9,064 ($11,835.99).
Severn Trent Plc Company Profile
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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