Severn Trent (LON:SVT) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Severn Trent PLC (LON:SVT) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,721.37 and traded as high as GBX 3,029. Severn Trent shares last traded at GBX 3,024, with a volume of 56,494,555 shares trading hands.

Analysts Set New Price Targets

Several research firms recently weighed in on SVT. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Severn Trent from GBX 3,000 to GBX 2,950 and set a “hold” rating on the stock in a research note on Monday, January 19th. Citigroup lowered 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 research report on Monday, November 3rd. One investment 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 stock has a consensus rating of “Hold” and an average price target of GBX 2,928.80.

Severn Trent Trading Up 2.6%

The company has a market capitalization of £9.10 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 4.69 and a beta of 0.38. The business has a fifty day moving average price of GBX 2,827.34 and a 200 day moving average price of GBX 2,721.37. The company has a debt-to-equity ratio of 450.94, a current ratio of 2.14 and a quick ratio of 0.73.

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

Insiders Place Their Bets

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