Severn Trent (LON:SVT) Shares Cross Below 200-Day Moving Average – Here’s Why

Severn Trent PLC (LON:SVT)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,022.51 and traded as low as GBX 2,967.80. Severn Trent shares last traded at GBX 2,984, with a volume of 774,205 shares.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SVT. Royal Bank Of Canada upped their target price on shares of Severn Trent from GBX 3,400 to GBX 3,450 and gave the company a “sector perform” rating in a research report on Monday, June 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 3,300 price objective 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 on the stock in a research report on Thursday, June 11th. UBS Group reaffirmed a “sell” rating and issued a GBX 2,700 price objective on shares of Severn Trent in a research note on Monday, May 18th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,220 target price on shares of Severn Trent in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 6,867.14.

Severn Trent Price Performance

The stock has a 50 day moving average of GBX 2,983.92 and a 200-day moving average of GBX 3,022.51. 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 stock has a market capitalization of £9.01 billion, a P/E ratio of 24.24, a price-to-earnings-growth ratio of 4.69 and a beta of 0.55.

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

Insider Transactions at Severn Trent

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

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.