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

Severn Trent PLC (LON:SVT) shares were up 5.7% during mid-day trading 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 mid-day trading, a decline of 67% from the average daily volume of 2,804,337 shares. The stock had previously closed at GBX 2,545 ($32.83).

Wall Street Analyst Weigh In

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

Severn Trent Stock Down 2.9 %

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 business has a 50 day simple moving average of GBX 2,474.02 and a 200-day simple moving average of GBX 2,555.78. The firm has a market capitalization of £7.81 billion, a price-to-earnings 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.