Severn Trent (LON:SVT) Reaches New 1-Year High – Still a Buy?

Severn Trent PLC (LON:SVT)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 2,820.81 ($37.72) and last traded at GBX 2,819 ($37.69), with a volume of 2085421 shares trading hands. The stock had previously closed at GBX 2,756 ($36.85).

Analyst Ratings Changes

SVT has been the subject of a number of analyst reports. Jefferies Financial Group reissued a “hold” rating and set a GBX 2,610 target price on shares of Severn Trent in a research report on Wednesday, October 1st. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 2,850 target price on shares of Severn Trent in a research report on Monday, October 13th. Finally, Barclays increased their target price on shares of Severn Trent from GBX 2,960 to GBX 3,385 and gave the company an “equal weight” rating in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of GBX 2,861.25.

Severn Trent Price Performance

The company has a debt-to-equity ratio of 450.94, a quick ratio of 0.73 and a current ratio of 2.14. The firm has a market cap of £8.46 billion, a price-to-earnings ratio of 36.79, a price-to-earnings-growth ratio of 4.69 and a beta of 0.38. The stock’s 50 day simple moving average is GBX 2,593.44 and its 200-day simple moving average is GBX 2,650.40.

Insider Buying and Selling

In other Severn Trent news, insider Helen Miles sold 8,067 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of GBX 2,673, for a total transaction of £215,630.91. Also, insider Olivia (Liv) Garfield sold 28,287 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of GBX 2,673, for a total transaction of £756,111.51. Corporate insiders own 0.29% 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.