Severn Trent (LON:SVT) Hits New 52-Week High – Still a Buy?

Severn Trent PLC (LON:SVT)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 3,056 and last traded at GBX 3,054, with a volume of 1260167 shares changing hands. The stock had previously closed at GBX 3,012.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SVT shares. Citigroup lowered their target price on shares of Severn Trent from GBX 2,875 to GBX 2,849 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Deutsche Bank Aktiengesellschaft dropped their target price on Severn Trent from GBX 3,000 to GBX 2,950 and set a “hold” rating for the company in a report on Monday, January 19th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of GBX 2,928.80.

Severn Trent Price Performance

The company has a current ratio of 2.14, a quick ratio of 0.73 and a debt-to-equity ratio of 450.94. The stock has a market capitalization of £9.60 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 4.69 and a beta of 0.38. The stock has a fifty day moving average of GBX 2,839.88 and a two-hundred day moving average of GBX 2,727.

Severn Trent (LON:SVT) last announced its earnings results on Wednesday, November 19th. The company reported GBX 101 earnings per share for the quarter. Severn Trent had a return on equity of 10.40% and a net margin of 6.00%. As a group, equities research analysts forecast that Severn Trent PLC will post 107.3706004 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Helen Miles sold 22,000 shares of Severn Trent stock in a transaction on Thursday, December 18th. The stock was sold at an average price of GBX 2,758, for a total value of £606,760. Insiders own 0.32% of the company’s stock.

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. The UK’s regulatory model provides a high degree of certainty over five-year periods.