Jefferies Financial Group Downgrades Severn Trent (OTCMKTS:STRNY) to Hold

Severn Trent (OTCMKTS:STRNY) was downgraded by investment analysts at Jefferies Financial Group from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

STRNY has been the subject of a number of other reports. Citigroup reaffirmed a “neutral” rating on shares of Severn Trent in a research report on Thursday, June 11th. BNP Paribas Exane initiated coverage on Severn Trent in a research note on Monday, June 29th. They issued a “neutral” rating on the stock. Royal Bank Of Canada restated a “sector perform” rating on shares of Severn Trent in a research note on Monday, June 1st. Finally, Zacks Research raised shares of Severn Trent from a “strong sell” rating to a “hold” rating in a research report on Friday, June 12th. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Severn Trent Stock Up 0.7%

STRNY opened at $41.76 on Monday. The firm’s fifty day moving average price is $40.29 and its two-hundred day moving average price is $41.43. Severn Trent has a 1 year low of $33.73 and a 1 year high of $45.46.

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.