Deutsche Bank restated their hold rating on shares of Severn Trent (LON:SVT) in a report published on Wednesday.
Several other research firms have also recently commented on SVT. Morgan Stanley lowered their price target on shares of Severn Trent from GBX 2,360 ($32.01) to GBX 2,130 ($28.89) and set an equal weight rating for the company in a report on Tuesday, March 6th. JPMorgan Chase upgraded shares of Severn Trent to an overweight rating and set a GBX 2,250 ($30.52) price target for the company in a report on Friday, March 9th. Goldman Sachs initiated coverage on shares of Severn Trent in a report on Friday, January 26th. They set a sell rating and a GBX 1,881 ($25.52) price target for the company. Finally, Credit Suisse Group reiterated a neutral rating and set a GBX 2,220 ($30.11) price target on shares of Severn Trent in a report on Friday, March 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of GBX 2,306.22 ($31.28).
LON SVT traded up GBX 55.40 ($0.75) on Wednesday, hitting GBX 2,030.40 ($27.54). 523,555 shares of the stock were exchanged, compared to its average volume of 1,100,000. Severn Trent has a fifty-two week low of GBX 1,664 ($22.57) and a fifty-two week high of GBX 2,575 ($34.93).
About Severn Trent
Severn Trent Plc operates as a water and sewerage company in the United Kingdom, the United States, and internationally. The company operates through two segments, Regulated Water and Waste Water, and Business Services. The Regulated Water and Waste Water segment provides water and sewerage services to approximately 4.5 million households and businesses in the Midlands and mid-Wales.
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