Severn Trent (LON:SVT) Trading 5.7% Higher – Here’s Why

Severn Trent PLC (LON:SVT) was up 5.7% during trading on Thursday . The stock traded as high as GBX 2,713 ($35.55) and last traded at GBX 2,690.28 ($35.25). Approximately 918,585 shares changed hands during trading, a decline of 67% from the average daily volume of 2,804,337 shares. The stock had previously closed at GBX 2,545 ($33.35).

Wall Street Analyst Weigh In

SVT has been the subject of several recent research reports. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Severn Trent in a research note on Thursday, March 6th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Severn Trent from GBX 2,700 ($35.38) to GBX 2,600 ($34.07) and set a “hold” rating for the company in a research note on Thursday, March 6th.

Severn Trent Trading Up 5.7 %

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 £8.03 billion, a P/E ratio of 44.90, a P/E/G ratio of 4.69 and a beta of 0.38. The firm has a 50 day simple moving average of GBX 2,465.93 and a 200 day simple moving average of GBX 2,554.43.

Severn Trent Company Profile

As one of Britain’s largest water companies, we provide over eight million people across our region with fresh, clean drinking water – about two billion litres every day. And when they’ve finished with it, we take it away again then clean and treat it before returning it safely back 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 an inflation-linked dividend.