Severn Trent Plc (SVT) Rating Reiterated by Deutsche Bank AG
Severn Trent Plc (LON:SVT)‘s stock had its “buy” rating restated by Deutsche Bank AG in a research note issued on Friday.
Other analysts have also issued research reports about the stock. Citigroup Inc. raised shares of Severn Trent Plc to a “neutral” rating in a report on Wednesday, November 16th. HSBC lifted their target price on shares of Severn Trent Plc from GBX 2,250 ($27.91) to GBX 2,330 ($28.90) and gave the stock a “hold” rating in a report on Wednesday, November 23rd. Beaufort Securities reaffirmed a “buy” rating on shares of Severn Trent Plc in a report on Thursday, November 17th. Royal Bank Of Canada lowered shares of Severn Trent Plc to an “underperform” rating and lifted their target price for the stock from GBX 2,200 ($27.29) to GBX 2,300 ($28.53) in a report on Wednesday, October 5th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 2,450 ($30.39) target price on shares of Severn Trent Plc in a report on Thursday, November 17th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Severn Trent Plc currently has a consensus rating of “Hold” and a consensus target price of GBX 2,201.64 ($27.31).
Shares of Severn Trent Plc (LON:SVT) traded down 2.40% during mid-day trading on Friday, hitting GBX 2076.00. The company had a trading volume of 398,333 shares. The firm has a 50-day moving average price of GBX 2,264.69 and a 200 day moving average price of GBX 2,345.09. 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 capitalization is GBX 4.98 billion.
The firm also recently declared a dividend, which will be paid on Friday, January 6th. Shareholders of record on Thursday, December 1st will be given a dividend of GBX 32.60 ($0.40) per share. The ex-dividend date of this dividend is Thursday, December 1st. This represents a yield of 1.48%.
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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