Severn Trent (OTCMKTS:STRNY) Upgraded to Buy at Societe Generale

Societe Generale upgraded shares of Severn Trent (OTCMKTS:STRNY – Get Rating) from a hold rating to a buy rating in a report published on Monday morning, The Fly reports.

Other equities research analysts also recently issued reports about the company. Morgan Stanley raised Severn Trent from an equal weight rating to an overweight rating in a report on Friday, November 4th. Royal Bank of Canada raised Severn Trent from a sector perform rating to an outperform rating in a report on Tuesday, October 4th. Investec raised Severn Trent from a hold rating to a buy rating in a report on Friday, October 7th. Credit Suisse Group reduced their price target on Severn Trent from GBX 2,800 ($34.17) to GBX 2,680 ($32.70) in a research report on Tuesday, October 11th. Finally, JPMorgan Chase & Co. increased their target price on Severn Trent from GBX 2,700 ($32.95) to GBX 2,750 ($33.56) in a research report on Tuesday, December 6th. Two equities research analysts have rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $2,903.33.

Severn Trent Price Performance

Shares of Severn Trent stock opened at $34.16 on Monday. Severn Trent has a one year low of $23.25 and a one year high of $42.35. The business’s 50 day simple moving average is $33.54 and its two-hundred day simple moving average is $32.44.

Severn Trent Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, January 23rd. Shareholders of record on Monday, December 5th will be given a dividend of $0.4666 per share. The ex-dividend date is Friday, December 2nd. This represents a yield of 3.37%.

About Severn Trent

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Severn Trent Plc operates as a water and sewerage company in England and Wales. It operates in two segments, Regulated Water and Waste Water, and Business Services. The Regulated Water and Waste Water segment offers water and waste water services to approximately 4.8 million households and businesses in the Midlands and Wales.