Severn Trent (OTCMKTS:SVTRF) Stock Price Down 5.9% – Should You Sell?

Severn Trent PLC (OTCMKTS:SVTRF)’s share price traded down 5.9% during trading on Tuesday . The company traded as low as $39.9875 and last traded at $39.9875. Approximately 200 shares were traded during mid-day trading, a decline of 62% from the average session volume of 520 shares. The stock had previously closed at $42.4820.

Analysts Set New Price Targets

Separately, Jefferies Financial Group downgraded shares of Severn Trent from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Severn Trent Stock Performance

The stock has a 50-day simple moving average of $39.84 and a 200 day simple moving average of $40.58.

About Severn Trent

Severn Trent PLC is a UK?based water utility company providing water supply and wastewater collection and treatment services. Operating primarily in the East and West Midlands regions of England, it serves residential, commercial and industrial customers through a network of treatment works, pumping stations and distribution mains. Its core activities include water abstraction, purification and distribution, as well as sewerage services, treatment plant operation and sludge management.

Beyond regulated supply in England and Wales, Severn Trent delivers non-regulated services under Severn Trent Services, a division that offers environmental consultancy, water infrastructure maintenance, laboratory testing and leak detection.