Severn Trent Plc (SVT) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Severn Trent Plc (LON:SVT) have received an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 2,358 ($30.45).
Several research firms recently weighed in on SVT. HSBC Holdings plc raised shares of Severn Trent Plc to a “hold” rating and decreased their target price for the company from GBX 2,200 ($28.41) to GBX 2,160 ($27.90) in a research note on Friday, July 7th. J P Morgan Chase & Co lifted their price objective on shares of Severn Trent Plc from GBX 2,280 ($29.45) to GBX 2,500 ($32.29) and gave the stock a “neutral” rating in a research report on Wednesday, May 24th. Morgan Stanley reduced their price objective on shares of Severn Trent Plc from GBX 2,395 ($30.93) to GBX 2,355 ($30.41) and set an “equal weight” rating for the company in a research report on Tuesday, July 18th. Deutsche Bank AG cut shares of Severn Trent Plc to a “hold” rating and lifted their price objective for the stock from GBX 2,300 ($29.70) to GBX 2,450 ($31.64) in a research report on Tuesday, May 16th. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of Severn Trent Plc in a research report on Wednesday, May 24th.
Severn Trent Plc (SVT) opened at 2274.00 on Friday. The company’s 50-day moving average is GBX 2,247.84 and its 200 day moving average is GBX 2,337.00. The firm’s market capitalization is GBX 5.36 billion. Severn Trent Plc has a 1-year low of GBX 2,047.00 and a 1-year high of GBX 2,575.00.
In other news, insider Emma FitzGerald sold 7,282 shares of Severn Trent Plc stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of GBX 2,237 ($28.89), for a total transaction of £162,898.34 ($210,381.43). Also, insider Dominique Reiniche bought 400 shares of the company’s stock in a transaction dated Tuesday, June 27th. The shares were purchased at an average cost of GBX 2,266 ($29.27) per share, with a total value of £9,064 ($11,706.06).
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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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