Severn Trent Plc (SVT) Upgraded at Royal Bank Of Canada
Severn Trent Plc (LON:SVT) was upgraded by Royal Bank Of Canada to an “outperform” rating in a note issued to investors on Monday, July 31st. The brokerage presently has a GBX 2,650 ($34.40) price objective on the stock, up from their previous price objective of GBX 2,400 ($31.16). Royal Bank Of Canada’s target price points to a potential upside of 19.32% from the stock’s current price.
SVT has been the topic of a number of other reports. HSBC Holdings plc lowered Severn Trent Plc to a “reduce” rating and dropped their price objective for the stock from GBX 2,330 ($30.25) to GBX 2,200 ($28.56) in a research note on Wednesday, April 26th. Deutsche Bank AG reissued a “hold” rating and set a GBX 2,500 ($32.45) target price on shares of Severn Trent Plc in a research report on Monday, June 26th. Credit Suisse Group lifted their target price on Severn Trent Plc from GBX 2,190 ($28.43) to GBX 2,230 ($28.95) and gave the stock a “neutral” rating in a research report on Friday, June 30th. Morgan Stanley lifted their target price on Severn Trent Plc from GBX 2,275 ($29.53) to GBX 2,395 ($31.09) and gave the stock an “equal weight” rating in a research report on Friday, July 7th. Finally, Barclays PLC lifted their target price on Severn Trent Plc from GBX 2,340 ($30.38) to GBX 2,550 ($33.10) and gave the stock an “equal weight” rating in a research report on Monday, June 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 2,357.50 ($30.60).
Shares of Severn Trent Plc (LON SVT) opened at 2221.00 on Monday. Severn Trent Plc has a 52 week low of GBX 2,047.00 and a 52 week high of GBX 2,575.00. The firm has a 50 day moving average price of GBX 2,226.14 and a 200-day moving average price of GBX 2,339.56. The firm’s market capitalization is GBX 5.23 billion.
In other Severn Trent Plc news, insider Emma FitzGerald sold 7,282 shares of the company’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of GBX 2,237 ($29.04), for a total transaction of £162,898.34 ($211,473.89). Also, insider Dominique Reiniche bought 400 shares of the company’s stock in a transaction on Tuesday, June 27th. The shares were acquired at an average price of GBX 2,266 ($29.42) per share, with a total value of £9,064 ($11,766.84).
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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