Severn Trent Plc (LON:SVT) was upgraded by research analysts at Royal Bank Of Canada to an “outperform” rating in a note issued to investors on Monday, July 31st. The brokerage presently has a GBX 2,650 ($34.51) target price on the stock, up from their prior target price of GBX 2,400 ($31.25). Royal Bank Of Canada’s price target would suggest a potential upside of 16.89% from the stock’s previous close.
A number of other equities analysts have also weighed in on the company. Deutsche Bank AG lowered Severn Trent Plc to a “hold” rating and boosted their price objective for the stock from GBX 2,300 ($29.95) to GBX 2,450 ($31.91) in a research note on Tuesday, May 16th. HSBC Holdings plc lowered Severn Trent Plc to a “reduce” rating and lowered their price objective for the stock from GBX 2,330 ($30.34) to GBX 2,200 ($28.65) in a research note on Wednesday, April 26th. Macquarie reissued an “outperform” rating and set a GBX 2,570 ($33.47) price objective on shares of Severn Trent Plc in a research note on Friday, April 21st. Beaufort Securities reaffirmed a “buy” rating on shares of Severn Trent Plc in a research note on Wednesday, May 24th. Finally, Morgan Stanley upped their price target on Severn Trent Plc from GBX 2,275 ($29.63) to GBX 2,395 ($31.19) and gave the company an “equal weight” rating in a research note on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. Severn Trent Plc presently has an average rating of “Hold” and a consensus price target of GBX 2,382.50 ($31.03).
Shares of Severn Trent Plc (LON SVT) opened at 2267.00 on Monday. Severn Trent Plc has a 12-month low of GBX 2,047.00 and a 12-month high of GBX 2,575.00. The company’s 50-day moving average price is GBX 2,228.65 and its 200 day moving average price is GBX 2,339.42. The stock’s market cap is GBX 5.34 billion.
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In other news, insider Dominique Reiniche acquired 400 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The shares were purchased at an average price of GBX 2,266 ($29.51) per share, for a total transaction of £9,064 ($11,803.62). Also, insider Emma FitzGerald sold 7,282 shares of the business’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of GBX 2,237 ($29.13), for a total value of £162,898.34 ($212,134.84).
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.
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