Severn Trent Plc -3.8% potential downside indicated by JP Morgan Cazenove

Severn Trent Plc with ticker (LON:SVT) now has a potential downside of -3.8% according to JP Morgan Cazenove.



JP Morgan Cazenove set a target price of 2,450 GBX for the company, which when compared to the Severn Trent Plc share price of 2,546 GBX at opening today (12/01/2024) indicates a potential downside of -3.8%. Trading has ranged between 2,243 (52 week low) and 2,999 (52 week high) with an average of 884,562 shares exchanging hands daily. The market capitalisation at the time of writing is £7,698,617,784.

Severn Trent Plc provides water and wastewater services. The Company operates through two segments: Regulated Water and Waste Water and Business Services. The Regulated Water and Waste Water segment includes the wholesale water and waste water activities of Severn Trent Water Limited, its retail services to domestic customers, and Hafren Dyfrdwy Cyfyngedig. The Business Services segment includes its operating services businesses, the Green Power business, the Property Development business, and its other non-regulated businesses, including affinity products and searches. It provides water and waste services to more than 4.5 million homes and businesses in the Midlands, from the outskirts of Bristol to the southern suburbs of Sheffield. The Company also offers a range of services to municipal and industrial clients, including the Ministry of Defense and the Coal Authority, for the design, building and operation of water and wastewater treatment facilities and networks.