Severn Trent (LON:SVT) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Severn Trent PLC (LON:SVT)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,050.96 and traded as high as GBX 3,146. Severn Trent shares last traded at GBX 3,098, with a volume of 409,016 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SVT shares. Citigroup dropped their price target on Severn Trent from £332.90 to £287.90 and set a “neutral” rating for the company in a research note on Thursday, June 11th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 3,220 target price on shares of Severn Trent in a research note on Monday, August 3rd. UBS Group reissued a “sell” rating and set 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 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. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 3,300 price objective on shares of Severn Trent in a research report on Thursday, May 21st. Six equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of GBX 6,867.14.

Severn Trent Trading Up 0.8%

The company has a 50 day simple moving average of GBX 2,979.04 and a two-hundred day simple moving average of GBX 3,052.56. The company has a debt-to-equity ratio of 596.63, a quick ratio of 0.73 and a current ratio of 1.39. The firm has a market cap of £9.37 billion, a PE ratio of 25.23, a P/E/G ratio of 4.69 and a beta of 0.55.

Severn Trent (LON:SVT) last posted its quarterly earnings results on Wednesday, May 20th. The company reported GBX 179.80 EPS for the quarter. Severn Trent had a net margin of 13.10% and a return on equity of 20.35%. The company had revenue of GBX 283.10 billion for the quarter. Analysts expect that Severn Trent PLC will post 107.3706004 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Helen Miles sold 11,240 shares of Severn Trent stock in a transaction on Monday, July 27th. The shares were sold at an average price of GBX 3,018, for a total value of £339,223.20. Also, insider James Jesic sold 6,531 shares of the stock in a transaction on Monday, July 27th. The shares were sold at an average price of GBX 3,018, for a total transaction of £197,105.58. Insiders have sold a total of 20,551 shares of company stock worth $61,672,638 in the last quarter. Insiders own 0.33% of the company’s stock.

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.