Severn Trent (OTCMKTS:SVTRF) Shares Up 17.4% – Time to Buy?

Severn Trent PLC (OTCMKTS:SVTRF)’s stock price traded up 17.4% during mid-day trading on Thursday . The stock traded as high as $43.5460 and last traded at $43.5460. 285 shares changed hands during trading, a decline of 57% from the average session volume of 665 shares. The stock had previously closed at $37.09.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded shares of Severn Trent to a “buy” rating in a research report on Friday, January 23rd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Severn Trent Price Performance

The company’s 50-day moving average is $38.64 and its two-hundred day moving average is $36.91.

Severn Trent Company Profile

Severn Trent PLC is a UK‐based water utility company providing water supply and wastewater collection and treatment services. Operating primarily in the East and West Midlands regions of England, it serves residential, commercial and industrial customers through a network of treatment works, pumping stations and distribution mains. Its core activities include water abstraction, purification and distribution, as well as sewerage services, treatment plant operation and sludge management.

Beyond regulated supply in England and Wales, Severn Trent delivers non-regulated services under Severn Trent Services, a division that offers environmental consultancy, water infrastructure maintenance, laboratory testing and leak detection.