Severn Trent (LON:SVT) Trading 5.7% Higher – Time to Buy?

Severn Trent PLC (LON:SVT)’s stock price shot up 5.7% during trading on Thursday . The stock traded as high as GBX 2,713 ($35.55) and last traded at GBX 2,690.28 ($35.25). 918,585 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 2,804,337 shares. The stock had previously closed at GBX 2,545 ($33.35).

Analysts Set New Price Targets

A number of equities analysts have weighed in on SVT shares. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Severn Trent in a research note on Thursday, March 6th. Deutsche Bank Aktiengesellschaft reduced their price target on Severn Trent from GBX 2,700 ($35.38) to GBX 2,600 ($34.07) and set a “hold” rating for the company in a research report on Thursday, March 6th.

Severn Trent Trading Up 5.7 %

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 company has a 50 day moving average of GBX 2,465.93 and a 200 day moving average of GBX 2,554.43. The stock has a market capitalization of £8.03 billion, a price-to-earnings ratio of 44.90, a P/E/G ratio of 4.69 and a beta of 0.38.

Severn Trent Company Profile

As one of Britain’s largest water companies, we provide over eight million people across our region with fresh, clean drinking water – about two billion litres every day. And when they’ve finished with it, we take it away again then clean and treat it before returning it safely back 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 an inflation-linked dividend.