Macquarie Increases Severn Trent Plc (SVT) Price Target to GBX 2,575
Severn Trent Plc (LON:SVT) had its price target increased by investment analysts at Macquarie from GBX 2,570 ($33.24) to GBX 2,575 ($33.30) in a research report issued on Thursday. The firm presently has an “outperform” rating on the stock. Macquarie’s price objective points to a potential upside of 14.24% from the company’s previous close.
Other equities analysts have also recently issued research reports about the company. HSBC Holdings plc raised Severn Trent Plc to a “hold” rating and decreased their price objective for the company from GBX 2,200 ($28.45) to GBX 2,160 ($27.94) in a report on Friday, July 7th. J P Morgan Chase & Co boosted their price objective on Severn Trent Plc from GBX 2,280 ($29.49) to GBX 2,500 ($32.33) and gave the company a “neutral” rating in a report on Wednesday, May 24th. Morgan Stanley decreased their price objective on Severn Trent Plc from GBX 2,395 ($30.98) to GBX 2,355 ($30.46) and set an “equal weight” rating for the company in a report on Tuesday, July 18th. Deutsche Bank AG cut Severn Trent Plc to a “hold” rating and boosted their price objective for the company from GBX 2,300 ($29.75) to GBX 2,450 ($31.69) in a report on Tuesday, May 16th. Finally, Beaufort Securities reissued a “buy” rating on shares of Severn Trent Plc in a report on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. Severn Trent Plc presently has a consensus rating of “Hold” and a consensus target price of GBX 2,358 ($30.50).
Shares of Severn Trent Plc (LON:SVT) opened at 2254.00 on Thursday. The stock’s market cap is GBX 5.31 billion. The company’s 50 day moving average price is GBX 2,242.73 and its 200 day moving average price is GBX 2,337.95. Severn Trent Plc has a 52-week low of GBX 2,047.00 and a 52-week high of GBX 2,575.00.
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In other Severn Trent Plc news, insider Emma FitzGerald sold 7,282 shares of the stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of GBX 2,237 ($28.93), for a total transaction of £162,898.34 ($210,680.73). Also, insider Dominique Reiniche bought 400 shares of Severn Trent Plc stock in a transaction on Tuesday, June 27th. The shares were purchased at an average cost of GBX 2,266 ($29.31) per share, with a total value of £9,064 ($11,722.71).
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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