Royal Bank Of Canada cut shares of Severn Trent Plc (LON:SVT) to an underperform rating in a report published on Wednesday. The firm currently has GBX 2,300 ($28.47) price target on the stock, up from their previous price target of GBX 2,200 ($27.23).
Several other analysts also recently issued reports on the stock. Credit Suisse Group AG reissued an underperform rating and issued a GBX 2,100 ($25.99) price objective on shares of Severn Trent Plc in a research note on Thursday, September 8th. JPMorgan Chase & Co. reissued a neutral rating and issued a GBX 2,450 ($30.32) price objective on shares of Severn Trent Plc in a research note on Wednesday, September 7th. Beaufort Securities reissued a buy rating on shares of Severn Trent Plc in a research note on Thursday, July 21st. HSBC reissued a hold rating and issued a GBX 2,250 ($27.85) price objective on shares of Severn Trent Plc in a research note on Tuesday, July 5th. Finally, Deutsche Bank AG reissued a buy rating on shares of Severn Trent Plc in a research note on Friday, June 24th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of GBX 2,196.13 ($27.18).
Shares of Severn Trent Plc (LON:SVT) opened at 2299.6792 on Wednesday. The company has a 50 day moving average price of GBX 2,421.94 and a 200 day moving average price of GBX 2,332.62. Severn Trent Plc has a 1-year low of GBX 2,024.00 and a 1-year high of GBX 2,526.00. The stock’s market cap is GBX 5.41 billion.
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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