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Home / Momentum / Severn Trent (SVT.L) 05-03-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Severn Trent (SVT.L) 05-03-20

Will shares in Severn Trent (SVT.L) continue to rally, setting new recent highs?

 

  • Now trading at 2624p (at time of writing), the share price performance has been very strong.
  • Will it end, or is this trend your friend?
  • Could this be the ideal opportunity for momentum traders?
  • Whilst momentum has been strong, traders should remember that past performance is not necessarily an indication of the future.
  • Technical traders should consider of new events, which can influence price action. Check our website and news outlets for updates.
  • Shares -2% from 12-month highs; +37% from 12 month lows.

Latest News

04 Mar:  Severn Trent, the water utility,  announced that it would spend £1.2bn in teh next five years on green initiatives, including net zero emissions by 2030, obtaining all energy from renewables.

20 Feb:  HSBC reiterates its hold rating on Severn Trent (SVT) and increased the target price to 2550p (from 2130p).

18 Feb:  JP Morgan Cazenove reiterates its neutral rating on Severn Trent (SVT) and increased the target price to 2550p (from 2000p).

12 Feb:  Tony Ballance, Director, sold 3,497 shares within the firm on the 11th February 2020 at a price of 2605p. This Director currently has 40,961 shares.

12 Feb:  Tony Ballance, Director, sold 3,497 shares within the firm on the 11th February 2020 at a price of 2605p. This Director currently has 40,961 shares.

11 Feb:  Jefferies International reiterates its hold rating on Severn Trent (SVT) and increased the target price to 2320p (from 1920p).

03 Feb:  Deutsche Bank reiterates its buy rating on Severn Trent (SVT) and increased the target price to 2750p (from 2650p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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