Credit Suisse Group Reiterates Neutral Rating for Severn Trent Plc (SVT)
Severn Trent Plc (LON:SVT)‘s stock had its “neutral” rating reissued by equities researchers at Credit Suisse Group in a research report issued to clients and investors on Thursday. They presently have a GBX 2,230 ($29.43) price target on the stock. Credit Suisse Group’s target price suggests a potential upside of 4.66% from the stock’s previous close.
A number of other analysts also recently commented on the company. Morgan Stanley increased their price target on Severn Trent Plc from GBX 2,275 ($30.02) to GBX 2,395 ($31.60) and gave the company an “equal weight” rating in a research report on Friday, July 7th. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 2,500 ($32.99) price target on shares of Severn Trent Plc in a research report on Wednesday, July 12th. Royal Bank Of Canada raised Severn Trent Plc to an “outperform” rating and increased their price target for the company from GBX 2,400 ($31.67) to GBX 2,650 ($34.97) in a research report on Monday, July 31st. HSBC Holdings plc reaffirmed a “hold” rating and set a GBX 2,160 ($28.50) price target on shares of Severn Trent Plc in a research report on Friday, July 21st. Finally, Macquarie increased their price target on Severn Trent Plc from GBX 2,570 ($33.91) to GBX 2,575 ($33.98) and gave the company an “outperform” rating in a research report on Thursday, August 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 2,358 ($31.12).
Shares of Severn Trent Plc (SVT) traded up GBX 30.81 ($0.41) on Thursday, hitting GBX 2,130.81 ($28.12). The company had a trading volume of 710,917 shares, compared to its average volume of 725,371. Severn Trent Plc has a one year low of GBX 2,047 ($27.01) and a one year high of GBX 2,575 ($33.98).
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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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