Severn Trent (LON:SVT) Shares Up 5.7% – Time to Buy?

Severn Trent PLC (LON:SVT)’s share price traded up 5.7% on Thursday . The stock traded as high as GBX 2,713 ($35.00) and last traded at GBX 2,690.28 ($34.70). Approximately 918,585 shares were traded during trading, a decline of 67% from the average session volume of 2,804,337 shares. The stock had previously closed at GBX 2,545 ($32.83).

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Severn Trent in a research report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft cut their price objective on Severn Trent from GBX 2,700 ($34.83) to GBX 2,600 ($33.54) and set a “hold” rating for the company in a report on Thursday, March 6th.

Severn Trent Price Performance

The firm’s 50 day simple moving average is GBX 2,474.02 and its two-hundred day simple moving average is GBX 2,555.78. The company has a debt-to-equity ratio of 450.94, a current ratio of 2.14 and a quick ratio of 0.73. The firm has a market capitalization of £7.81 billion, a P/E ratio of 43.65, a P/E/G ratio of 4.69 and a beta of 0.38.

About Severn Trent

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.