Severn Trent PLC (OTCMKTS:STRNY – Get Free Report) has been given an average rating of “Hold” by the six research firms that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation.
Several research firms have issued reports on STRNY. BNP Paribas Exane began coverage on shares of Severn Trent in a report on Monday, June 29th. They issued a “neutral” rating on the stock. Zacks Research upgraded Severn Trent from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. Finally, Jefferies Financial Group cut Severn Trent from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd.
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Severn Trent Trading Down 1.0%
About Severn Trent
Severn Trent plc is a United Kingdom-based water and wastewater services company. Through its regulated operations, the company collects, treats and supplies clean water to households and businesses, while also collecting and treating wastewater before returning it safely to the environment.
Severn Trent primarily serves communities across the Midlands of England through Severn Trent Water. The group also provides water and wastewater services in parts of Wales through Hafren Dyfrdwy. Its activities include operating reservoirs, treatment works, pumping stations and sewer networks, as well as maintaining infrastructure and supporting environmental protection.
The company traces its origins to the formation of the Severn Trent Water Authority in 1974 and became a publicly listed water company following the privatization of the water industry in 1989.
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