Severn Trent Plc (SVT) Trading 1.9% Higher
Severn Trent Plc (LON:SVT) shares traded up 1.9% during trading on Tuesday . The company traded as high as GBX 2,127 ($28.26) and last traded at GBX 2,122 ($28.20). 788,453 shares traded hands during trading, an increase of 4% from the average session volume of 759,768 shares. The stock had previously closed at GBX 2,082 ($27.66).
A number of research analysts have recently commented on the company. Deutsche Bank AG reiterated a “hold” rating and set a GBX 2,250 ($29.90) price target on shares of Severn Trent Plc in a report on Wednesday, September 6th. Macquarie upped their target price on Severn Trent Plc from GBX 2,570 ($34.15) to GBX 2,575 ($34.21) and gave the company an “outperform” rating in a research note on Thursday, August 31st. Royal Bank Of Canada upgraded Severn Trent Plc to an “outperform” rating and upped their target price for the company from GBX 2,400 ($31.89) to GBX 2,650 ($35.21) in a research note on Monday, July 31st. HSBC Holdings plc restated a “hold” rating and issued a GBX 2,160 ($28.70) target price on shares of Severn Trent Plc in a research note on Friday, July 21st. Finally, Morgan Stanley cut their target price on Severn Trent Plc from GBX 2,395 ($31.82) to GBX 2,355 ($31.29) and set an “equal weight” rating for the company in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 2,358 ($31.33).
The company’s 50-day moving average price is GBX 2,203.33 and its 200 day moving average price is GBX 2,303.65. The stock’s market capitalization is GBX 5.00 billion.
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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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