Severn Trent (LON:SVT) had its target price lowered by Morgan Stanley from GBX 2,360 ($32.61) to GBX 2,130 ($29.43) in a research report released on Tuesday morning. The brokerage currently has an equal weight rating on the stock.
SVT has been the subject of several other reports. Deutsche Bank reduced their price objective on Severn Trent from GBX 2,250 ($31.09) to GBX 2,200 ($30.40) and set a hold rating for the company in a research note on Wednesday, December 6th. Goldman Sachs Group assumed coverage on Severn Trent in a research note on Friday, January 26th. They issued a sell rating and a GBX 1,881 ($25.99) price objective for the company. Barclays reissued an equal weight rating on shares of Severn Trent in a research note on Tuesday, November 14th. raised Severn Trent to a buy rating and increased their price objective for the stock from GBX 2,160 ($29.84) to GBX 2,300 ($31.78) in a research note on Monday, November 6th. Finally, JPMorgan Chase & Co. reduced their price objective on Severn Trent from GBX 2,500 ($34.54) to GBX 2,250 ($31.09) and set a neutral rating for the company in a research note on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of GBX 2,307.33 ($31.88).
Shares of Severn Trent (SVT) opened at GBX 1,826 ($25.23) on Tuesday. The stock has a market capitalization of $4,310.00 and a PE ratio of 1,484.55. Severn Trent has a one year low of GBX 1,664 ($22.99) and a one year high of GBX 2,575 ($35.58).
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About Severn Trent
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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