** Shares of UK water supplier Severn Trent SVT.L rise 3.4% to 2780 pence

** Co posts H1 PBIT up to 297.8 mln pounds ($377.79 mln) versus 255.1 mln pounds ($323.62 mln)

** Reports H1 revenue of 1.22 bln pounds versus 1.17 bln pounds a year ago

** Co forecasts capex for the year to the upper-end of 1.3 bln pounds - 1.5 bln pounds outlook range

** Five of the 14 analysts covering the stock have a "buy" or higher rating, 7 have "hold" while 2 rate it at "sell"; median PT is 2,725p - LSEG data

** As of last close, stock up ~5.08% YTD

($1 = 0.7878 pounds)

(Reporting by Ankita Bora in Bengaluru)

((Ankita.Bora@thomsonreuters.com))