Severn Trent (OTCMKTS:STRNY) Trading Up 2.3% – Time to Buy?

Severn Trent PLC (OTCMKTS:STRNY)’s share price was up 2.3% on Tuesday . The company traded as high as $42.10 and last traded at $41.86. Approximately 20,658 shares traded hands during trading, an increase of 6% from the average daily volume of 19,462 shares. The stock had previously closed at $40.9030.

Analysts Set New Price Targets

Separately, Citigroup upgraded Severn Trent from a “neutral” rating to a “buy” rating in a report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Severn Trent Price Performance

The company’s fifty day simple moving average is $38.61 and its 200 day simple moving average is $37.04.

Severn Trent Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, January 22nd. Investors of record on Tuesday, December 2nd were paid a $0.6091 dividend. This represents a yield of 409.0%. The ex-dividend date of this dividend was Monday, December 1st. Severn Trent’s dividend payout ratio is presently 147.68%.

Severn Trent Company Profile

Severn Trent Plc (OTCMKTS:STRNY) is an integrated water utility company based in Coventry, United Kingdom, specializing in the provision of water supply and wastewater treatment services. As one of the principal regulated water and sewerage companies in England and Wales, it delivers clean drinking water to households and businesses, manages sewer networks, operates sewage treatment works, and maintains extensive water infrastructure across its service regions. Its operations are governed by regulatory frameworks that aim to ensure high standards of water quality, environmental protection, and customer service.

The company traces its origins to the privatization of the regional water authorities in England and Wales in 1989.