Severn Trent Plc (SVT) Rating Increased to Buy at HSBC Holdings plc
Severn Trent Plc (LON:SVT) was upgraded by equities researchers at HSBC Holdings plc to a “buy” rating in a note issued to investors on Monday. The brokerage currently has a GBX 2,300 ($30.25) price objective on the stock, up from their previous price objective of GBX 2,160 ($28.41). HSBC Holdings plc’s price objective indicates a potential upside of 5.46% from the company’s previous close.
SVT has been the subject of a number of other research reports. Morgan Stanley lowered their price target on Severn Trent Plc from GBX 2,395 ($31.50) to GBX 2,355 ($30.97) and set an “equal weight” rating for the company in a research report on Tuesday, July 18th. Deutsche Bank AG lowered their price target on Severn Trent Plc from GBX 2,500 ($32.88) to GBX 2,250 ($29.59) and set a “hold” rating for the company in a research report on Thursday, August 17th. Macquarie upped their price target on Severn Trent Plc from GBX 2,570 ($33.80) to GBX 2,575 ($33.87) and gave the company an “outperform” rating in a research report on Thursday, August 31st. Credit Suisse Group reaffirmed a “neutral” rating and set a GBX 2,230 ($29.33) price target on shares of Severn Trent Plc in a research report on Thursday, November 2nd. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 2,500 ($32.88) price target on shares of Severn Trent Plc in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 2,372 ($31.20).
Shares of Severn Trent Plc (LON:SVT) opened at GBX 2,181 ($28.69) on Monday. Severn Trent Plc has a 52 week low of GBX 2,047 ($26.92) and a 52 week high of GBX 2,575 ($33.87).
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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