Today, Deutsche Bank AG Reiterates Buy Rating for Severn Trent Plc (SVT)

Today, Deutsche Bank AG Reiterates Buy Rating for Severn Trent Plc (SVT)

Severn Trent Plc (LON:SVT)‘s stock had its “buy” rating reissued by equities researchers at Deutsche Bank AG in a report issued on Friday.

Other research analysts also recently issued research reports about the company. Citigroup Inc. raised Severn Trent Plc to a “neutral” rating in a report on Wednesday, November 16th. HSBC increased their target price on Severn Trent Plc from GBX 2,250 ($27.91) to GBX 2,330 ($28.90) and gave the stock a “hold” rating in a report on Wednesday, November 23rd. Beaufort Securities reaffirmed a “buy” rating on shares of Severn Trent Plc in a report on Thursday, November 17th. Royal Bank Of Canada downgraded Severn Trent Plc to an “underperform” rating and increased their target price for the stock from GBX 2,200 ($27.29) to GBX 2,300 ($28.53) in a report on Wednesday, October 5th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 2,450 ($30.39) target price on shares of Severn Trent Plc in a report on Thursday, November 17th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Severn Trent Plc currently has a consensus rating of “Hold” and an average target price of GBX 2,201.64 ($27.31).

Severn Trent Plc (LON:SVT) opened at 2201.00 on Friday. Severn Trent Plc has a one year low of GBX 2,024.00 and a one year high of GBX 2,526.00. The firm’s market cap is GBX 5.28 billion. The company’s 50-day moving average price is GBX 2,264.69 and its 200-day moving average price is GBX 2,345.09.

The firm also recently announced a dividend, which will be paid on Friday, January 6th. Investors of record on Thursday, December 1st will be given a GBX 32.60 ($0.40) dividend. This represents a yield of 1.48%. The ex-dividend date of this dividend is Thursday, December 1st.

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