Severn Trent Plc (SVT) Receives  Underperform Rating from Credit Suisse Group AG

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Severn Trent Plc (LON:SVT)‘s stock had its ” underperform” rating restated by analysts at Credit Suisse Group AG in a research note issued to investors on Thursday. They currently have a GBX 2,100 ($27.97) target price on the stock. Credit Suisse Group AG‘s price objective points to a potential downside of 12.86% from the company’s previous close.
A number of other equities analysts also recently commented on SVT. JPMorgan Chase & Co. lifted their price objective on shares of Severn Trent Plc from GBX 2,160 ($28.77) to GBX 2,250 ($29.97) and gave the stock an “overweight” rating in a report on Thursday, May 26th. BNP Paribas raised their target price on Severn Trent Plc from GBX 1,900 ($25.31) to GBX 2,050 ($27.30) and gave the company an “underperform” rating in a research note on Wednesday, May 25th. HSBC reiterated a “hold” rating and issued a GBX 2,160 ($28.77) target price on shares of Severn Trent Plc in a research note on Thursday, May 26th. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 2,300 ($30.63) target price on shares of Severn Trent Plc in a research note on Wednesday, May 25th. Finally, Beaufort Securities reiterated a “buy” rating on shares of Severn Trent Plc in a research note on Thursday, July 21st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 2,188.44 ($29.15).
Shares of Severn Trent Plc (LON:SVT) opened at 2429.00 on Thursday. The firm’s market capitalization is GBX 5.71 billion. The company has a 50-day moving average of GBX 2,427.56 and a 200-day moving average of GBX 2,281.20. Severn Trent Plc has a 52 week low of GBX 2,024.00 and a 52 week high of GBX 2,517.00.

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Severn Trent Plc is a United Kingdom-based company, which treats and provides water and removes waste water in the United Kingdom and internationally. The Company operates through two segments: Severn Trent Water and Severn Trent Services. Severn Trent Water provides high quality water and sewerage services to over 3.3 million households and businesses in the Midlands and mid-Wales.
To view Credit Suisse Group AG’s full report, visit Credit Suisse Group AG’s official website.

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