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

Severn Trent PLC (LON:SVT)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,012.75 and traded as low as GBX 2,962.84. Severn Trent shares last traded at GBX 2,998, with a volume of 386,674 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SVT shares. UBS Group restated a “sell” rating and issued a GBX 2,700 price target on shares of Severn Trent in a research note on Monday, May 18th. Royal Bank Of Canada boosted their price objective on shares of Severn Trent from GBX 3,400 to GBX 3,450 and gave the company a “sector perform” rating in a report on Monday, June 1st. Citigroup decreased their target price on shares of Severn Trent from £332.90 to £287.90 and set a “neutral” rating on the stock in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 3,300 price target on shares of Severn Trent in a research report on Thursday, May 21st. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 3,220 price target on shares of Severn Trent in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Severn Trent currently has an average rating of “Hold” and an average price target of GBX 6,867.14.

Severn Trent Stock Down 1.1%

The firm has a 50 day simple moving average of GBX 3,004.89 and a two-hundred day simple moving average of GBX 3,012.75. The stock has a market capitalization of £8.95 billion, a P/E ratio of 24.08, a PEG ratio of 4.69 and a beta of 0.55. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 596.63.

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

Insiders Place Their Bets

In other Severn Trent news, insider Helen Miles sold 1,430 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was 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 Severn Trent 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 £39,042. 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.