Deutsche Bank AG Reaffirms “Buy” Rating for Severn Trent Plc (SVT)
Severn Trent Plc (LON:SVT)‘s stock had its “buy” rating reissued by equities research analysts at Deutsche Bank AG in a research report issued to clients and investors on Friday.
Several other equities analysts have also recently issued reports on the company. Investec reiterated a “buy” rating on shares of Severn Trent Plc in a research note on Wednesday, October 19th. Beaufort Securities reiterated a “buy” rating on shares of Severn Trent Plc in a research note on Thursday, November 17th. Royal Bank Of Canada cut Severn Trent Plc to an “underperform” rating and lifted their price objective for the company from GBX 2,200 ($27.29) to GBX 2,300 ($28.53) in a research note on Wednesday, October 5th. Credit Suisse Group AG reiterated an “underperform” rating and issued a GBX 2,100 ($26.05) price objective on shares of Severn Trent Plc in a research note on Friday, August 26th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 2,450 ($30.39) target price on shares of Severn Trent Plc in a research report on Wednesday, September 7th. Three investment 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. The company presently has an average rating of “Hold” and a consensus target price of GBX 2,201.64 ($27.31).
Shares of Severn Trent Plc (LON:SVT) opened at 2126.81 on Friday. The company 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 stock’s market cap is GBX 5.10 billion.
The business also recently announced a dividend, which will be paid on Friday, January 6th. Stockholders of record on Thursday, December 1st will be issued a GBX 32.60 ($0.40) dividend. This represents a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, December 1st.
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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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