Severn Trent Plc (SVT) Given Average Recommendation of “Hold” by Brokerages

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Shares of Severn Trent Plc (LON:SVT) have received an average recommendation of “Hold” from the eight research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is GBX 2,096 ($27.39).

A number of equities analysts have recently issued reports on SVT shares. HSBC increased their target price on Severn Trent from GBX 2,080 ($27.18) to GBX 2,100 ($27.44) and gave the stock a “hold” rating in a research note on Tuesday, August 28th. Royal Bank of Canada restated a “top pick” rating and issued a GBX 2,650 ($34.63) price target on shares of Severn Trent in a report on Monday, September 3rd. Morgan Stanley restated an “equal weight” rating and issued a GBX 2,130 ($27.83) price target on shares of Severn Trent in a report on Monday, September 10th. UBS Group lowered their price target on Severn Trent from GBX 2,044 ($26.71) to GBX 2,029 ($26.51) and set a “neutral” rating on the stock in a report on Monday, September 17th. Finally, Goldman Sachs Group upped their price target on Severn Trent from GBX 1,764 ($23.05) to GBX 1,780 ($23.26) and gave the stock a “sell” rating in a report on Monday, September 17th.

Shares of SVT stock traded up GBX 7.50 ($0.10) during trading hours on Monday, reaching GBX 1,861 ($24.32). 1,973,241 shares of the company’s stock were exchanged, compared to its average volume of 1,100,000. Severn Trent has a 1 year low of GBX 1,664 ($21.74) and a 1 year high of GBX 2,575 ($33.65).

The company also recently declared a dividend, which will be paid on Friday, January 4th. Investors of record on Thursday, November 29th will be issued a GBX 37.35 ($0.49) dividend. This represents a dividend yield of 1.97%. The ex-dividend date is Thursday, November 29th.

About Severn Trent

Severn Trent Plc operates as a water and sewerage company in the United Kingdom and internationally. The company operates through two segments, Regulated Water and Waste Water, and Business Services. The Regulated Water and Waste Water segment provides water and sewerage services to approximately 4.3 million households and businesses in the Midlands and mid-Wales.

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Analyst Recommendations for Severn Trent (LON:SVT)

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