Severn Trent (OTCMKTS:STRNY) Downgraded to “Hold” Rating by Jefferies Financial Group

Jefferies Financial Group downgraded shares of Severn Trent (OTCMKTS:STRNY) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

Several other analysts also recently issued reports on STRNY. BNP Paribas Exane assumed coverage on Severn Trent in a report on Monday, June 29th. They set a “neutral” rating on the stock. Citigroup reiterated a “neutral” rating on shares of Severn Trent in a report on Thursday, June 11th. Zacks Research raised shares of Severn Trent from a “strong sell” rating to a “hold” rating in a research report on Friday, June 12th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Severn Trent in a report on Monday, June 1st. One analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Severn Trent Stock Up 0.7%

Shares of Severn Trent stock opened at $41.76 on Monday. Severn Trent has a 12-month low of $33.73 and a 12-month high of $45.46. The stock’s fifty day moving average is $40.29 and its 200-day moving average is $41.43.

About Severn Trent

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.