Severn Trent (LON:SVT) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Severn Trent PLC (LON:SVT) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,548.35 ($33.36) and traded as high as GBX 2,615 ($34.23). Severn Trent shares last traded at GBX 2,586 ($33.85), with a volume of 881,206 shares traded.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SVT. Deutsche Bank Aktiengesellschaft lowered their price objective on Severn Trent from GBX 2,700 ($35.34) to GBX 2,600 ($34.03) and set a “hold” rating for the company in a research report on Thursday, March 6th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Severn Trent in a research note on Thursday, March 6th.

Severn Trent Price Performance

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 cap of £7.72 billion, a PE ratio of 43.16, a P/E/G ratio of 4.69 and a beta of 0.38. The business’s fifty day moving average is GBX 2,478.84 and its 200-day moving average is GBX 2,548.35.

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.