Severn Trent (LON:SVT) Reaches New 12-Month High – Here’s What Happened

Severn Trent PLC (LON:SVT)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 2,917 and last traded at GBX 2,884, with a volume of 4709573 shares trading hands. The stock had previously closed at GBX 2,874.

Analyst Upgrades and Downgrades

SVT has been the subject of several analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 2,610 price objective on shares of Severn Trent in a research report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft decreased their target price on Severn Trent from GBX 3,000 to GBX 2,950 and set a “hold” rating for the company in a research note on Monday. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 2,850 price target on shares of Severn Trent in a report on Monday, October 13th. Finally, Citigroup cut their price objective on shares of Severn Trent from GBX 2,875 to GBX 2,849 and set a “neutral” rating on the stock in a report on Monday, November 3rd. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of GBX 2,928.80.

Severn Trent Stock Performance

The company has a quick ratio of 0.73, a current ratio of 2.14 and a debt-to-equity ratio of 450.94. The firm has a 50-day simple moving average of GBX 2,779.77 and a 200 day simple moving average of GBX 2,693.05. The company has a market cap of £8.68 billion, a price-to-earnings ratio of 27.52, a price-to-earnings-growth ratio of 4.69 and a beta of 0.38.

Severn Trent (LON:SVT) last announced its earnings results on Wednesday, November 19th. The company reported GBX 101 earnings per share (EPS) for the quarter. Severn Trent had a net margin of 6.00% and a return on equity of 10.40%. On average, sell-side analysts predict that Severn Trent PLC will post 107.3706004 earnings per share for the current fiscal year.

Insider Buying and Selling at Severn Trent

In related news, insider Helen Miles sold 22,000 shares of the firm’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of GBX 2,758, for a total transaction of £606,760. Company insiders own 0.32% of the company’s stock.

About Severn Trent

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.