Severn Trent Plc (LON:SVT) Earns Hold Rating from HSBC Holdings plc
Severn Trent Plc (LON:SVT)‘s stock had its “hold” rating restated by equities research analysts at HSBC Holdings plc in a research note issued to investors on Friday. They currently have a GBX 2,160 ($28.21) target price on the stock. HSBC Holdings plc’s target price would indicate a potential downside of 3.79% from the stock’s previous close.
Several other research analysts have also recently issued reports on the stock. Morgan Stanley lowered their target price on shares of Severn Trent Plc from GBX 2,395 ($31.27) to GBX 2,355 ($30.75) and set an “equal weight” rating for the company in a report on Tuesday. Deutsche Bank AG restated a “hold” rating and issued a GBX 2,500 ($32.65) target price on shares of Severn Trent Plc in a report on Wednesday, July 12th. Credit Suisse Group AG upped their target price on shares of Severn Trent Plc from GBX 2,190 ($28.60) to GBX 2,230 ($29.12) and gave the company a “neutral” rating in a report on Friday, June 30th. Barclays PLC upped their target price on shares of Severn Trent Plc from GBX 2,340 ($30.56) to GBX 2,550 ($33.30) and gave the company an “equal weight” rating in a report on Monday, June 12th. Finally, J P Morgan Chase & Co upped their target price on shares of Severn Trent Plc from GBX 2,280 ($29.77) to GBX 2,500 ($32.65) and gave the company a “neutral” rating in a report on Wednesday, May 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 2,357.50 ($30.78).
Severn Trent Plc (LON:SVT) traded down 0.93% on Friday, hitting GBX 2245.00. 932,898 shares of the company’s stock were exchanged. Severn Trent Plc has a 12-month low of GBX 2,047.00 and a 12-month high of GBX 2,575.00. The company’s market cap is GBX 5.29 billion. The company’s 50-day moving average price is GBX 2,317.33 and its 200-day moving average price is GBX 2,336.30.
In related news, insider Emma FitzGerald sold 7,282 shares of the stock in a transaction on Tuesday, July 18th. The shares were 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 purchased 400 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The shares were acquired at an average price of GBX 2,266 ($29.59) per share, with a total value 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.
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.