Severn Trent (OTCMKTS:SVTRF) Stock Price Up 6% – Still a Buy?

Severn Trent PLC (OTCMKTS:SVTRF)’s stock price rose 6% during trading on Tuesday. The stock traded as high as $42.95 and last traded at $42.95. 372 shares were traded during trading, a decline of 8% from the average session volume of 403 shares. The stock had previously closed at $40.50.

Wall Street Analyst Weigh In

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

Severn Trent Stock Up 6.0%

The firm has a 50 day moving average price of $40.76 and a 200 day moving average price of $40.29.

About Severn Trent

Severn Trent plc is a United Kingdom-based water and wastewater services company. Through its regulated operations, the group collects, treats and supplies drinking water and provides wastewater collection, treatment and related environmental services to households and businesses.

The company primarily serves communities in the Midlands and parts of Wales through its water and wastewater businesses, including Severn Trent Water and Hafren Dyfrdwy. Its activities include operating reservoirs, treatment works, water distribution networks and sewage treatment facilities, as well as maintaining the infrastructure required to support reliable water and wastewater services.

Severn Trent traces its origins to the creation of regional water authorities in the 1970s and became a publicly traded company following the privatization of England and Wales’ water industry in 1989.