Severn Trent (OTCMKTS:SVTRF) Stock Falls 0.1% – Here’s What Happened

Severn Trent PLC (OTCMKTS:SVTRF)’s share price traded down 0.1% during mid-day trading on Tuesday. The company traded as low as $40.66 and last traded at $40.66. Approximately 119 shares changed hands during trading, a decline of 73% from the average daily volume of 443 shares. The stock had previously closed at $40.70.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group lowered Severn Trent from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Severn Trent has an average rating of “Hold”.

Severn Trent Price Performance

The business’s 50 day moving average is $40.55 and its 200-day moving average is $40.56.

About Severn Trent

Severn Trent plc is a United Kingdom-based water and wastewater services company. Through its regulated businesses, the company collects, treats and distributes drinking water and provides sewage collection, treatment and disposal services to households, businesses and other customers.

Severn Trent Water serves communities across the Midlands of England, while the company’s wastewater operations cover a broader area within its regulated region. Its activities include operating water treatment works, reservoirs, pumping stations and sewer networks, as well as maintaining and upgrading the infrastructure required to support reliable water and wastewater services.

The company also has activities outside its core regulated operations, including infrastructure-related services and non-household water retail through Water Plus, its joint venture with United Utilities.