Severn Trent (LON:SVT) had its price target cut by investment analysts at Deutsche Bank from GBX 2,250 ($30.28) to GBX 2,200 ($29.61) in a research note issued on Wednesday. The brokerage presently has a “hold” rating on the stock. Deutsche Bank’s price target indicates a potential upside of 6.33% from the company’s previous close.
SVT has been the subject of a number of other research reports. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 2,500 ($33.65) price objective on shares of Severn Trent in a report on Thursday, October 26th. Macquarie increased their price objective on Severn Trent from GBX 2,570 ($34.59) to GBX 2,575 ($34.66) and gave the stock an “outperform” rating in a report on Thursday, August 31st. Barclays reiterated an “equal weight” rating on shares of Severn Trent in a report on Tuesday, November 14th. Credit Suisse Group reiterated a “neutral” rating and issued a GBX 2,230 ($30.01) price objective on shares of Severn Trent in a report on Thursday, November 2nd. Finally, upgraded Severn Trent to a “buy” rating and increased their price objective for the stock from GBX 2,160 ($29.07) to GBX 2,300 ($30.96) in a report on Monday, November 6th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 2,420 ($32.57).
Severn Trent (SVT) opened at GBX 2,069 ($27.85) on Wednesday. Severn Trent has a twelve month low of GBX 2,041.50 ($27.48) and a twelve month high of GBX 2,575 ($34.66).
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Severn Trent 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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