Severn Trent Plc (LON:SVT) had its price objective dropped by research analysts at Morgan Stanley from GBX 2,395 ($31.27) to GBX 2,355 ($30.75) in a report released on Tuesday. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 4.71% from the company’s previous close.
SVT has been the subject of several other research reports. Credit Suisse Group increased their price objective on shares of Severn Trent Plc from GBX 2,190 ($28.60) to GBX 2,230 ($29.12) and gave the company a “neutral” rating in a research report on Friday, June 30th. HSBC Holdings plc upgraded shares of Severn Trent Plc to a “hold” rating and lowered their price objective for the company from GBX 2,200 ($28.73) to GBX 2,160 ($28.21) in a research report on Friday, July 7th. Deutsche Bank AG reiterated a “hold” rating and set a GBX 2,500 ($32.65) price objective on shares of Severn Trent Plc in a research report on Wednesday, July 12th. Barclays PLC increased their price objective on shares of Severn Trent Plc from GBX 2,340 ($30.56) to GBX 2,550 ($33.30) and gave the company an “equal weight” rating in a research report on Monday, June 12th. Finally, Royal Bank Of Canada increased their price objective on shares of Severn Trent Plc from GBX 2,300 ($30.03) to GBX 2,400 ($31.34) and gave the company an “underperform” rating in a research report on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Severn Trent Plc has an average rating of “Hold” and an average target price of GBX 2,357.50 ($30.78).
Shares of Severn Trent Plc (LON SVT) opened at 2228.00 on Tuesday. The company’s market capitalization is GBX 5.25 billion. The firm has a 50-day moving average of GBX 2,422.90 and a 200 day moving average of GBX 2,335.11. Severn Trent Plc has a 1-year low of GBX 2,047.00 and a 1-year high of GBX 2,575.00.
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In other news, insider Dominique Reiniche bought 400 shares of the stock in a transaction dated Tuesday, June 27th. The stock was purchased at an average price of GBX 2,266 ($29.59) per share, for a total transaction of £9,064 ($11,835.99).
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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