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

Severn Trent PLC (LON:SVT)’s share price traded up 5.7% during mid-day trading on Friday . The company traded as high as GBX 2,713 ($34.98) and last traded at GBX 2,690.28 ($34.69). 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 ($32.82).

Analyst Upgrades and Downgrades

Several brokerages have commented on SVT. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Severn Trent from GBX 2,700 ($34.82) to GBX 2,600 ($33.53) and set a “hold” rating for the company in a report on Thursday, March 6th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Severn Trent in a research note on Thursday, March 6th.

Severn Trent Trading Down 2.9 %

The stock’s fifty day simple moving average is GBX 2,474.02 and its two-hundred day simple moving average is GBX 2,555.73. The firm has a market cap of £7.81 billion, a PE ratio of 43.65, a PEG ratio of 4.69 and a beta of 0.38. The company has a quick ratio of 0.73, a current ratio of 2.14 and a debt-to-equity ratio of 450.94.

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.