Severn Trent Plc (SVT) Price Target Cut to GBX 2,250 by Analysts at Deutsche Bank AG
Severn Trent Plc (LON:SVT) had its target price decreased by research analysts at Deutsche Bank AG from GBX 2,500 ($32.45) to GBX 2,250 ($29.21) in a report released on Thursday, Marketbeat reports. The firm currently has a “hold” rating on the stock. Deutsche Bank AG’s price objective would suggest a potential upside of 1.31% from the stock’s previous close.
A number of other analysts have also recently issued reports on the company. HSBC Holdings plc cut Severn Trent Plc to a “reduce” rating and cut their price objective for the company from GBX 2,330 ($30.25) to GBX 2,200 ($28.56) in a research report on Wednesday, April 26th. Royal Bank Of Canada raised their price objective on Severn Trent Plc from GBX 2,300 ($29.86) to GBX 2,400 ($31.16) and gave the company an “underperform” rating in a research report on Thursday, May 4th. Macquarie reaffirmed an “outperform” rating and issued a GBX 2,570 ($33.36) price objective on shares of Severn Trent Plc in a research report on Friday, April 21st. Beaufort Securities reaffirmed a “buy” rating on shares of Severn Trent Plc in a research report on Wednesday, May 24th. Finally, Morgan Stanley raised their price objective on Severn Trent Plc from GBX 2,275 ($29.53) to GBX 2,395 ($31.09) and gave the company an “equal weight” rating in a research report on Friday, July 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 2,357.50 ($30.60).
Shares of Severn Trent Plc (LON:SVT) traded down 1.20% on Thursday, reaching GBX 2221.00. The company’s stock had a trading volume of 617,790 shares. The firm’s market cap is GBX 5.25 billion. The company’s 50 day moving average is GBX 2,226.14 and its 200-day moving average is GBX 2,339.56. Severn Trent Plc has a 1-year low of GBX 2,047.00 and a 1-year high of GBX 2,575.00.
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In other news, insider Emma FitzGerald sold 7,282 shares of the stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of GBX 2,237 ($29.04), for a total transaction of £162,898.34 ($211,473.89). Also, insider Dominique Reiniche bought 400 shares of the stock in a transaction dated Tuesday, June 27th. The shares were purchased at an average price of GBX 2,266 ($29.42) per share, for a total transaction of £9,064 ($11,766.84).
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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