Severn Trent Plc (SVT) Receives Average Rating of “Hold” from Brokerages
Severn Trent Plc (LON:SVT) has earned an average recommendation of “Hold” from the ten brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 2,093.17 ($27.35).
SVT has been the subject of a number of research reports. Royal Bank of Canada reissued a “top pick” rating and set a GBX 2,650 ($34.63) price target on shares of Severn Trent in a research note on Monday, September 3rd. HSBC increased their price target on Severn Trent from GBX 2,080 ($27.18) to GBX 2,100 ($27.44) and gave the company a “hold” rating in a research note on Tuesday, August 28th. UBS Group dropped their price target on Severn Trent from GBX 2,044 ($26.71) to GBX 2,029 ($26.51) and set a “neutral” rating for the company in a research note on Monday, September 17th. Goldman Sachs Group increased their price target on Severn Trent from GBX 1,764 ($23.05) to GBX 1,780 ($23.26) and gave the company a “sell” rating in a research note on Monday, September 17th. Finally, Morgan Stanley reissued an “equal weight” rating and set a GBX 2,130 ($27.83) price target on shares of Severn Trent in a research note on Monday, September 10th.
Shares of LON SVT traded up GBX 18 ($0.24) during mid-day trading on Friday, reaching GBX 1,884.50 ($24.62). The company’s stock had a trading volume of 576,689 shares, compared to its average volume of 1,100,000. Severn Trent has a 52 week low of GBX 1,664 ($21.74) and a 52 week high of GBX 2,575 ($33.65).
Severn Trent Plc operates as a water and sewerage company in the United Kingdom and internationally. The company operates through two segments, Regulated Water and Waste Water, and Business Services. The Regulated Water and Waste Water segment provides water and sewerage services to approximately 4.3 million households and businesses in the Midlands and mid-Wales.
Further Reading: Ex-Dividend
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