Royal Bank Of Canada Downgrades Severn Trent Plc (SVT) to Underperform
Severn Trent Plc (LON:SVT) was downgraded by research analysts at Royal Bank Of Canada to an “underperform” rating in a report issued on Wednesday. They presently have a GBX 2,300 ($30.02) price objective on the stock, up from their previous price objective of GBX 2,200 ($28.72). Royal Bank Of Canada’s price objective points to a potential downside of 2.95% from the company’s current price.
SVT has been the subject of several other research reports. Deutsche Bank AG reaffirmed a “buy” rating on shares of Severn Trent Plc in a report on Friday, June 24th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 2,450 ($31.98) price target on shares of Severn Trent Plc in a report on Wednesday, September 7th. Credit Suisse Group AG reissued an “underperform” rating and issued a GBX 2,100 ($27.41) price target on shares of Severn Trent Plc in a report on Thursday, September 8th. HSBC reissued a “hold” rating and issued a GBX 2,250 ($29.37) price target on shares of Severn Trent Plc in a report on Tuesday, July 5th. Finally, Beaufort Securities reissued a “buy” rating on shares of Severn Trent Plc in a report on Thursday, July 21st. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 2,196.13 ($28.67).
Shares of Severn Trent Plc (LON:SVT) opened at 2342.00 on Wednesday. Severn Trent Plc has a 52-week low of GBX 2,024.00 and a 52-week high of GBX 2,526.00. The firm’s market capitalization is GBX 5.51 billion. The company has a 50 day moving average of GBX 2,427.67 and a 200 day moving average of GBX 2,328.54.
Severn Trent Plc Company Profile
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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