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

Severn Trent PLC (LON:SVT) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,050.55 and traded as high as GBX 3,084. Severn Trent shares last traded at GBX 3,076, with a volume of 498,275 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SVT shares. Citigroup decreased their price objective on Severn Trent from £332.90 to £287.90 and set a “neutral” rating for the company in a research note on Thursday, June 11th. Royal Bank Of Canada lifted their price objective on shares of Severn Trent from GBX 3,400 to GBX 3,450 and gave the stock a “sector perform” rating in a research report on Monday, June 1st. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 3,220 target price on shares of Severn Trent in a report on Monday, August 3rd. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of GBX 7,447.50.

Severn Trent Stock Performance

The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 596.63. The firm’s fifty day moving average price is GBX 3,041.67 and its 200-day moving average price is GBX 3,050.57. The firm has a market cap of £9.22 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 4.69 and a beta of 0.55.

Insider Activity

In related news, insider James Jesic sold 6,531 shares of the company’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of GBX 3,018, for a total value of £197,105.58. Also, insider Helen Miles sold 11,240 shares of Severn Trent stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of GBX 3,018, for a total value of £339,223.20. 0.29% of the stock is currently 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.