Shares of Severn Trent Plc (LON:SVT) rose 0.9% during mid-day trading on Tuesday . The stock traded as high as GBX 2,127 ($28.07) and last traded at GBX 2,111 ($27.86). Approximately 780,493 shares changed hands during mid-day trading, an increase of 8% from the average daily volume of 725,812 shares. The stock had previously closed at GBX 2,093 ($27.62).
SVT has been the topic of several recent analyst reports. Morgan Stanley raised their target price on Severn Trent Plc from GBX 2,275 ($30.02) to GBX 2,395 ($31.60) and gave the stock an “equal weight” rating in a research note on Friday, July 7th. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 2,500 ($32.99) price objective on shares of Severn Trent Plc in a research report on Wednesday, July 12th. Royal Bank Of Canada raised Severn Trent Plc to an “outperform” rating and lifted their price objective for the company from GBX 2,400 ($31.67) to GBX 2,650 ($34.97) in a research report on Monday, July 31st. HSBC Holdings plc reaffirmed a “hold” rating and set a GBX 2,160 ($28.50) price objective on shares of Severn Trent Plc in a research report on Friday, July 21st. Finally, Macquarie lifted their price objective on Severn Trent Plc from GBX 2,570 ($33.91) to GBX 2,575 ($33.98) and gave the company an “outperform” rating in a research report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. Severn Trent Plc has a consensus rating of “Hold” and a consensus price target of GBX 2,358 ($31.12).
The stock’s 50-day moving average is GBX 2,161.27 and its 200-day moving average is GBX 2,282.07. The firm’s market capitalization is GBX 4.97 billion.
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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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