Severn Trent Plc (SVT) Given Hold Rating at Deutsche Bank AG
Deutsche Bank AG reiterated their hold rating on shares of Severn Trent Plc (LON:SVT) in a research report sent to investors on Wednesday. The brokerage currently has a GBX 2,250 ($29.06) price objective on the stock.
Several other analysts have also recently commented on the stock. Macquarie boosted their price target on shares of Severn Trent Plc from GBX 2,570 ($33.19) to GBX 2,575 ($33.26) and gave the stock an outperform rating in a research note on Thursday, August 31st. Royal Bank Of Canada upgraded shares of Severn Trent Plc to an outperform rating and boosted their price target for the stock from GBX 2,400 ($31.00) to GBX 2,650 ($34.22) in a research note on Monday, July 31st. HSBC Holdings plc reiterated a hold rating and issued a GBX 2,160 ($27.90) price target on shares of Severn Trent Plc in a research note on Friday, July 21st. Morgan Stanley decreased their price target on shares of Severn Trent Plc from GBX 2,395 ($30.93) to GBX 2,355 ($30.41) and set an equal weight rating on the stock in a research note on Tuesday, July 18th. Finally, Credit Suisse Group boosted their price target on shares of Severn Trent Plc from GBX 2,190 ($28.28) to GBX 2,230 ($28.80) and gave the stock a neutral rating in a research note on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. Severn Trent Plc presently has an average rating of Hold and a consensus price target of GBX 2,358 ($30.45).
Severn Trent Plc (SVT) opened at 2278.00 on Wednesday. Severn Trent Plc has a 1-year low of GBX 2,047.00 and a 1-year high of GBX 2,575.00. The company’s market cap is GBX 5.37 billion. The company has a 50-day moving average price of GBX 2,245.24 and a 200-day moving average price of GBX 2,337.83.
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In related news, insider Emma FitzGerald sold 7,282 shares of the company’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of GBX 2,237 ($28.89), for a total transaction of £162,898.34 ($210,381.43). Also, insider Dominique Reiniche purchased 400 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The shares were purchased at an average price of GBX 2,266 ($29.27) per share, for a total transaction of £9,064 ($11,706.06).
Severn Trent Plc Company Profile
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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