Severn Trent Plc (SVT) Lifted to Buy at HSBC Holdings plc
HSBC Holdings plc upgraded shares of Severn Trent Plc (LON:SVT) to a buy rating in a report published on Monday morning. The brokerage currently has GBX 2,300 ($30.25) target price on the stock, up from their previous target price of GBX 2,160 ($28.41).
Other equities analysts have also recently issued reports about the company. Credit Suisse Group reissued a neutral rating and issued a GBX 2,230 ($29.33) target price on shares of Severn Trent Plc in a report on Thursday, November 2nd. J P Morgan Chase & Co reissued a neutral rating and issued a GBX 2,500 ($32.88) target price on shares of Severn Trent Plc in a report on Thursday, October 26th. Deutsche Bank AG reissued a hold rating and issued a GBX 2,250 ($29.59) target price on shares of Severn Trent Plc in a report on Wednesday, September 6th. Macquarie increased their target price on Severn Trent Plc from GBX 2,570 ($33.80) to GBX 2,575 ($33.87) and gave the stock an outperform rating in a report on Thursday, August 31st. Finally, Royal Bank Of Canada raised Severn Trent Plc to an outperform rating and increased their target price for the stock from GBX 2,400 ($31.57) to GBX 2,650 ($34.85) in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. Severn Trent Plc has a consensus rating of Hold and an average target price of GBX 2,372 ($31.20).
Severn Trent Plc (SVT) opened at GBX 2,175 ($28.61) on Monday. Severn Trent Plc has a twelve month low of GBX 2,047 ($26.92) and a twelve month high of GBX 2,575 ($33.87).
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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