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Lester covers the Utilities sector, focusing on stocks such as National Grid, Drax Group plc, and Pennon Group plc. According to TipRanks, Lester has an average return of -2.7% and a 50.79% success rate on recommended stocks.
In addition to Morgan Stanley, Severn Trent also received a Hold from RBC Capital’s Alexander Wheeler in a report issued on May 29. However, on May 18, UBS reiterated a Sell rating on Severn Trent (LSE: SVT).
Based on Severn Trent’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of p1.39 billion and a net profit of p143.6 million. In comparison, last year the company earned a revenue of p1.21 billion and had a net profit of p88 million
