Severn Trent (LON:SVT) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Severn Trent PLC (LON:SVT)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,701.37 and traded as high as GBX 2,901. Severn Trent shares last traded at GBX 2,901, with a volume of 565,895 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 2,850 target price on shares of Severn Trent in a research report on Monday, October 13th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 2,610 price objective on shares of Severn Trent in a report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft cut their price objective on Severn Trent from GBX 3,000 to GBX 2,950 and set a “hold” rating for the company in a research report on Monday, January 19th. Finally, Citigroup decreased their target price on Severn Trent from GBX 2,875 to GBX 2,849 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Severn Trent presently has an average rating of “Hold” and an average target price of GBX 2,928.80.

Severn Trent Trading Down 0.1%

The company has a fifty day moving average of GBX 2,791.48 and a 200-day moving average of GBX 2,701.37. The company has a current ratio of 2.14, a quick ratio of 0.73 and a debt-to-equity ratio of 450.94. The company has a market capitalization of £8.73 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 4.69 and a beta of 0.38.

Severn Trent (LON:SVT) last released its earnings results on Wednesday, November 19th. The company reported GBX 101 earnings per share for the quarter. Severn Trent had a return on equity of 10.40% and a net margin of 6.00%. As a group, equities research analysts anticipate that Severn Trent PLC will post 107.3706004 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Severn Trent news, insider Helen Miles sold 22,000 shares of Severn Trent stock in a transaction on Thursday, December 18th. The shares were sold at an average price of GBX 2,758, for a total transaction of £606,760. Insiders own 0.32% of the company’s stock.

About Severn Trent

As one of Britain’s largest water companies, we supply fresh, clean drinking water to over nine million people across our region – around two billion litres every day. Once used, we collect, clean, and treat the water before safely returning it to the environment. We are one of only three listed water stocks in the UK, offering a valuable combination of reliable earnings, long-term asset growth, and inflation-linked dividends. The UK’s regulatory model provides a high degree of certainty over five-year periods.