Severn Trent (LON:SVT) Share Price Passes Below 200-Day Moving Average – What’s Next?

Shares of Severn Trent PLC (LON:SVT) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 3,012.75 and traded as low as GBX 2,962.84. Severn Trent shares last traded at GBX 2,998, with a volume of 386,674 shares.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SVT shares. Jefferies Financial Group reissued a “buy” rating and issued a GBX 3,220 price target on shares of Severn Trent in a report on Thursday, May 21st. Royal Bank Of Canada boosted their price objective on Severn Trent from GBX 3,400 to GBX 3,450 and gave the stock a “sector perform” rating in a report on Monday, June 1st. Citigroup decreased their target price on Severn Trent from £332.90 to £287.90 and set a “neutral” rating on the stock in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 3,300 target price on shares of Severn Trent in a research note on Thursday, May 21st. Finally, UBS Group reissued a “sell” rating and set a GBX 2,700 price target on shares of Severn Trent in a report on Monday, May 18th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Severn Trent has an average rating of “Hold” and a consensus target price of GBX 6,867.14.

Severn Trent Price Performance

The stock has a market capitalization of £8.92 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 4.69 and a beta of 0.55. The company has a debt-to-equity ratio of 596.63, a quick ratio of 0.73 and a current ratio of 1.39. The company has a fifty day simple moving average of GBX 2,997.88 and a two-hundred day simple moving average of GBX 3,015.52.

Severn Trent (LON:SVT) last released its earnings results on Wednesday, May 20th. The company reported GBX 179.80 earnings per share for the quarter. The firm had revenue of GBX 283.10 billion during the quarter. Severn Trent had a return on equity of 20.35% and a net margin of 13.10%. As a group, equities research analysts expect that Severn Trent PLC will post 107.3706004 earnings per share for the current fiscal year.

Insider Transactions at Severn Trent

In other news, insider Helen Miles sold 1,430 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of GBX 2,892, for a total transaction of £41,355.60. Also, insider James Jesic sold 1,350 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of GBX 2,892, for a total value of £39,042. Corporate insiders own 0.32% of the company’s stock.

About Severn Trent

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.