The Severn Trent Plc (SVT) Given “Buy” Rating at Deutsche Bank AG, Report finds

The Severn Trent Plc (SVT) Given “Buy” Rating at Deutsche Bank AG, Report finds

Other equities analysts have also issued research reports about the company. Investec reaffirmed a buy rating on shares of Severn Trent Plc in a research note on Wednesday, October 19th. Citigroup Inc. raised Severn Trent Plc to a neutral rating in a research note on Wednesday, November 16th. J P Morgan Chase & Co reaffirmed a neutral rating and issued a GBX 2,450 ($30.52) price objective on shares of Severn Trent Plc in a research note on Thursday, November 17th. Beaufort Securities reaffirmed a buy rating on shares of Severn Trent Plc in a research note on Thursday, November 17th. Finally, HSBC Holdings plc upped their price objective on Severn Trent Plc from GBX 2,250 ($28.03) to GBX 2,330 ($29.02) and gave the stock a hold rating in a research note on Wednesday, November 23rd. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of GBX 2,265 ($28.21).

Deutsche Bank AG reiterated their buy rating on shares of Severn Trent Plc (LON:SVT) in a research note released on Friday. The brokerage currently has a GBX 2,300 ($28.65) price objective on the stock.

Shares of Severn Trent Plc (LON:SVT) opened at 2284.00 on Friday. The company has a 50-day moving average price of GBX 2,233.14 and a 200-day moving average price of GBX 2,305.84. Severn Trent Plc has a 52-week low of GBX 2,024.00 and a 52-week high of GBX 2,526.00. The stock’s market capitalization is GBX 5.48 billion.

In other Severn Trent Plc news, insider Kevin S. Beeston purchased 2,244 shares of Severn Trent Plc stock in a transaction dated Monday, December 19th. The shares were purchased at an average cost of GBX 2,213 ($27.57) per share, for a total transaction of £49,659.72 ($61,858.15). Also, insider John Coghlan purchased 2,270 shares of Severn Trent Plc stock in a transaction dated Tuesday, December 20th. The stock was acquired at an average price of GBX 2,200 ($27.40) per share, for a total transaction of £49,940 ($62,207.27).

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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