Severn Trent (LON:SVT) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Severn Trent PLC (LON:SVT) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,012.75 and traded as low as GBX 2,962.84. Severn Trent shares last traded at GBX 2,998, with a volume of 386,674 shares trading hands.

Analyst Upgrades and Downgrades

SVT has been the topic of a number of research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 3,220 price target on shares of Severn Trent in a research note on Thursday, May 21st. Citigroup decreased their price objective on Severn Trent from £332.90 to £287.90 and set a “neutral” rating for the company in a report on Thursday, June 11th. JPMorgan Chase & Co. upped their target price on Severn Trent from GBX 2,975 to GBX 3,225 and gave the stock a “neutral” rating in a research report on Monday, April 13th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 3,300 price target on shares of Severn Trent in a research note on Thursday, May 21st. Finally, Royal Bank Of Canada raised their price objective on shares of Severn Trent from GBX 3,400 to GBX 3,450 and gave the company a “sector perform” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Severn Trent currently has a consensus rating of “Hold” and an average target price of GBX 6,867.14.

Severn Trent Trading Down 1.1%

The company has a debt-to-equity ratio of 596.63, a quick ratio of 0.73 and a current ratio of 1.39. The firm has a market capitalization of £8.95 billion, a P/E ratio of 24.08, a PEG ratio of 4.69 and a beta of 0.55. The firm has a 50 day simple moving average of GBX 3,004.89 and a two-hundred day simple moving average of GBX 3,012.75.

Severn Trent (LON:SVT) last announced its quarterly earnings data on Wednesday, May 20th. The company reported GBX 179.80 earnings per share (EPS) for the quarter. Severn Trent had a return on equity of 20.35% and a net margin of 13.10%.The firm had revenue of GBX 283.10 billion during the quarter. Equities research analysts forecast that Severn Trent PLC will post 107.3706004 earnings per share for the current year.

Insider Transactions at Severn Trent

In other news, insider James Jesic sold 1,350 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of GBX 2,892, for a total transaction of £39,042. Also, insider Helen Miles sold 1,430 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of GBX 2,892, for a total value of £41,355.60. 0.32% of the stock is owned by insiders.

Severn Trent Company Profile

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.