Credit Suisse Group Raises Severn Trent Plc (SVT) Price Target to GBX 2,230

Severn Trent Plc (LON:SVT) had its price target upped by stock analysts at Credit Suisse Group from GBX 2,190 ($28.37) to GBX 2,230 ($28.89) in a research report issued on Friday, June 30th. The firm currently has a “neutral” rating on the stock. Credit Suisse Group’s target price would indicate a potential upside of 0.13% from the company’s current price.

Other analysts also recently issued research reports about the stock. J P Morgan Chase & Co lifted their price target on shares of Severn Trent Plc from GBX 2,280 ($29.53) to GBX 2,500 ($32.38) and gave the company a “neutral” rating in a research report on Wednesday, May 24th. Deutsche Bank AG lifted their price objective on shares of Severn Trent Plc from GBX 2,450 ($31.74) to GBX 2,500 ($32.38) and gave the stock a “hold” rating in a report on Thursday, June 8th. Beaufort Securities reaffirmed a “buy” rating on shares of Severn Trent Plc in a report on Wednesday, May 24th. Macquarie reaffirmed an “outperform” rating and set a GBX 2,570 ($33.29) price objective on shares of Severn Trent Plc in a report on Friday, April 21st. Finally, Royal Bank Of Canada lifted their price objective on shares of Severn Trent Plc from GBX 2,300 ($29.79) to GBX 2,400 ($31.09) and gave the stock an “underperform” rating in a report on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 2,361.50 ($30.59).

Shares of Severn Trent Plc (LON:SVT) opened at 2227.00 on Friday. The company’s market capitalization is GBX 5.25 billion. The company’s 50-day moving average is GBX 2,422.90 and its 200-day moving average is GBX 2,335.11. Severn Trent Plc has a one year low of GBX 2,047.00 and a one year high of GBX 2,575.00.

The company also recently disclosed a dividend, which will be paid on Friday, July 21st. Investors of record on Thursday, June 15th will be paid a GBX 48.90 ($0.63) dividend. This is a boost from Severn Trent Plc’s previous dividend of $32.60. This represents a yield of 2%. The ex-dividend date is Thursday, June 15th.

WARNING: “Credit Suisse Group Raises Severn Trent Plc (SVT) Price Target to GBX 2,230” was originally published by Stock Observer and is the property of of Stock Observer. If you are reading this report on another website, it was stolen and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be accessed at https://www.thestockobserver.com/2017/07/16/credit-suisse-group-boosts-severn-trent-plc-svt-price-target-to-gbx-2230-updated.html.

In other news, insider Dominique Reiniche acquired 400 shares of the stock in a transaction that occurred on Tuesday, June 27th. The shares were acquired at an average cost of GBX 2,266 ($29.35) per share, for a total transaction of £9,064 ($11,740.93).

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.

Analyst Recommendations for Severn Trent Plc (LON:SVT)

Receive News & Ratings for Severn Trent Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Severn Trent Plc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply