Severn Trent Plc (LON:SVT) had its target price raised by Barclays PLC from GBX 2,340 ($29.60) to GBX 2,550 ($32.26) in a report released on Monday. They currently have an equal weight rating on the stock.
A number of other research analysts have also recently commented on SVT. Deutsche Bank AG restated a buy rating and set a GBX 2,300 ($29.10) price target on shares of Severn Trent Plc in a research note on Friday, May 5th. Beaufort Securities reaffirmed a buy rating on shares of Severn Trent Plc in a report on Wednesday, May 24th. J P Morgan Chase & Co raised their price target on shares of Severn Trent Plc from GBX 2,280 ($28.84) to GBX 2,500 ($31.63) and gave the company a neutral rating in a report on Wednesday, May 24th. Macquarie reissued an outperform rating and issued a GBX 2,570 ($32.51) price target on shares of Severn Trent Plc in a report on Friday, April 21st. Finally, HSBC Holdings plc lowered shares of Severn Trent Plc to a reduce rating and lowered their price target for the company from GBX 2,330 ($29.48) to GBX 2,200 ($27.83) in a report on Wednesday, April 26th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Severn Trent Plc has an average rating of Hold and an average price target of GBX 2,363.75 ($29.90).
Shares of Severn Trent Plc (LON:SVT) opened at 2419.00 on Monday. The company’s market capitalization is GBX 5.70 billion. The company has a 50-day moving average price of GBX 2,442.17 and a 200 day moving average price of GBX 2,323.30. Severn Trent Plc has a one year low of GBX 2,047.00 and a one year high of GBX 2,575.00.
The company also recently declared a dividend, which will be paid on Friday, July 21st. Stockholders of record on Thursday, June 15th will be given a dividend of GBX 48.90 ($0.62) per share. This represents a dividend yield of 2%. This is a boost from Severn Trent Plc’s previous dividend of $32.60. The ex-dividend date is Thursday, June 15th.
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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