Savills (LON:SVS) Stock Passes Above 200-Day Moving Average – Here’s Why

Savills plc (LON:SVS) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 914.80 and traded as high as GBX 923. Savills shares last traded at GBX 912.54, with a volume of 261,872 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SVS shares. Shore Capital Group restated a “buy” rating and set a GBX 1,210 price target on shares of Savills in a research note on Friday, May 8th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,375 price objective on shares of Savills in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 1,292.50.

Savills Trading Up 1.1%

The stock has a market capitalization of £1.27 billion, a P/E ratio of 18.62, a P/E/G ratio of 2.09 and a beta of 1.25. The stock’s 50 day moving average price is GBX 860.35 and its 200-day moving average price is GBX 914.27. The company has a quick ratio of 1.22, a current ratio of 1.17 and a debt-to-equity ratio of 80.81.

Insiders Place Their Bets

In other Savills news, insider Simon J. B. Shaw sold 43,468 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of GBX 840, for a total transaction of £365,131.20. 1.75% of the stock is currently owned by corporate insiders.

About Savills

Founded in the UK in 1855, Savills is one of the world’s leading property agents. Our experience and expertise spans the globe, with 600 offices across the Americas, Europe, Asia Pacific, Africa and the Middle East.

Our scale gives us wide-ranging specialist and local knowledge, and we take pride in providing best-in-class advice as we help individuals, businesses and institutions make better property decisions.