Severn Trent Plc (SVT) Announces GBX 32.60 Dividend
Severn Trent Plc (LON:SVT) announced a dividend on Thursday, November 24th. Shareholders of record on Thursday, December 1st will be given a dividend of GBX 32.60 ($0.41) per share on Friday, January 6th. This represents a yield of 1.48%. The ex-dividend date of this dividend is Thursday, December 1st. The official announcement can be accessed at this link.
Shares of Severn Trent Plc (LON:SVT) opened at 2209.00 on Friday. The firm has a 50-day moving average price of GBX 2,275.65 and a 200-day moving average price of GBX 2,344.69. Severn Trent Plc has a 12-month low of GBX 2,024.00 and a 12-month high of GBX 2,526.00. The firm’s market cap is GBX 5.19 billion.
SVT has been the subject of several recent research reports. Deutsche Bank AG reaffirmed a “buy” rating on shares of Severn Trent Plc in a research report on Wednesday, November 16th. Investec reaffirmed a “buy” rating on shares of Severn Trent Plc in a research report on Wednesday, October 19th. Beaufort Securities reaffirmed a “buy” rating on shares of Severn Trent Plc in a research report on Thursday, November 17th. HSBC upped their price objective on Severn Trent Plc from GBX 2,250 ($28.11) to GBX 2,330 ($29.11) and gave the stock a “hold” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 2,450 ($30.61) price objective on shares of Severn Trent Plc in a research report on Thursday, November 17th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. Severn Trent Plc presently has a consensus rating of “Hold” and an average price target of GBX 2,202.28 ($27.51).
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Severn Trent Plc Company Profile
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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