Severn Trent Plc (SVT) Rating Lowered to Underperform at Royal Bank Of Canada
Severn Trent Plc (LON:SVT) was downgraded by research analysts at Royal Bank Of Canada to an “underperform” rating in a research report issued on Wednesday. They presently have a GBX 2,300 ($30.02) price objective on the stock, up from their previous price objective of GBX 2,200 ($28.72). Royal Bank Of Canada’s price objective suggests a potential downside of 7.85% from the stock’s current price.
Several other analysts have also commented on SVT. JPMorgan Chase & Co. lifted their price objective on Severn Trent Plc from GBX 2,250 ($29.37) to GBX 2,300 ($30.02) and gave the stock an “overweight” rating in a report on Monday, June 13th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Severn Trent Plc in a report on Friday, June 24th. HSBC reaffirmed a “hold” rating and issued a GBX 2,250 ($29.37) price objective on shares of Severn Trent Plc in a report on Tuesday, July 5th. Credit Suisse Group AG lifted their price objective on Severn Trent Plc from GBX 1,990 ($25.98) to GBX 2,100 ($27.41) and gave the stock an “underperform” rating in a report on Thursday, July 21st. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of Severn Trent Plc in a report on Thursday, July 21st. Four analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 2,196.13 ($28.67).
Severn Trent Plc (LON:SVT) opened at 2454.00 on Wednesday. Severn Trent Plc has a one year low of GBX 2,024.00 and a one year high of GBX 2,526.00. The company’s 50 day moving average price is GBX 2,430.42 and its 200-day moving average price is GBX 2,326.29. The stock’s market capitalization is GBX 5.77 billion.
About Severn Trent Plc
Severn Trent Plc is a United Kingdom-based company, which treats and provides water and removes waste water in the United Kingdom and internationally. The Company operates through two segments: Severn Trent Water and Severn Trent Services. Severn Trent Water provides high quality water and sewerage services to over 3.3 million households and businesses in the Midlands and mid-Wales.
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