Severn Trent (LON:SVT) Shares Up 5.7% – Should You Buy?

Severn Trent PLC (LON:SVT)’s share price shot up 5.7% on Thursday . The stock traded as high as GBX 2,713 ($35.00) and last traded at GBX 2,690.28 ($34.70). 918,585 shares were traded 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 ($32.83).

Analysts Set New Price Targets

A number of research analysts have issued reports on SVT shares. JPMorgan Chase & Co. restated an “overweight” rating on shares of Severn Trent in a research report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft lowered their price objective on Severn Trent from GBX 2,700 ($34.83) to GBX 2,600 ($33.54) and set a “hold” rating on the stock in a research note on Thursday, March 6th.

Severn Trent Price Performance

The firm has a market capitalization of £7.81 billion, a P/E ratio of 43.65, a PEG ratio of 4.69 and a beta of 0.38. The company has a quick ratio of 0.73, a current ratio of 2.14 and a debt-to-equity ratio of 450.94. The business’s 50 day moving average is GBX 2,474.02 and its 200-day moving average is GBX 2,555.78.

About Severn Trent

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.