Severn Trent (LON:SVT) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Severn Trent PLC (LON:SVT)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,677.22 and traded as high as GBX 2,716. Severn Trent shares last traded at GBX 2,702, with a volume of 53,991,668 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have commented on SVT shares. Citigroup cut their price objective on Severn Trent from GBX 2,875 to GBX 2,849 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Barclays lifted their price target on Severn Trent from GBX 2,960 to GBX 3,385 and gave the stock an “equal weight” rating in a research note on Wednesday, August 20th. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 2,850 price objective on shares of Severn Trent in a research note on Monday, October 13th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 2,610 target price on shares of Severn Trent in a research note on Wednesday, October 1st. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 2,858.80.

Severn Trent Stock Up 2.5%

The business has a 50 day simple moving average of GBX 2,763.29 and a 200-day simple moving average of GBX 2,677.85. 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 capitalization of £8.34 billion, a price-to-earnings ratio of 26.42, a P/E/G ratio of 4.69 and a beta of 0.38.

Severn Trent (LON:SVT) last released its quarterly earnings data on Wednesday, November 19th. The company reported GBX 101 earnings per share (EPS) for the quarter. Severn Trent had a net margin of 6.00% and a return on equity of 10.40%. On average, equities analysts expect that Severn Trent PLC will post 107.3706004 EPS for the current year.

Severn Trent Company Profile

As one of Britain’s largest water companies, we supply fresh, clean drinking water to over nine million people across our region – around two billion litres every day. Once used, we collect, clean, and treat the water before safely returning it 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 inflation-linked dividends.