Severn Trent (LON:SVT) Stock Passes Above Two Hundred Day Moving Average of $2,926.67

Severn Trent Plc (LON:SVTGet Rating)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,926.67 ($35.86) and traded as high as GBX 3,007 ($36.85). Severn Trent shares last traded at GBX 3,003 ($36.80), with a volume of 276,878 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SVT shares. Morgan Stanley reiterated an “equal weight” rating and set a GBX 2,950 ($36.15) price target on shares of Severn Trent in a research note on Tuesday, May 3rd. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 2,950 ($36.15) price target on shares of Severn Trent in a research note on Tuesday, May 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 3,300 ($40.44) price target on shares of Severn Trent in a research note on Thursday, May 26th. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of Severn Trent in a research note on Wednesday, July 6th.

Severn Trent Trading Up 0.7 %

The firm has a market cap of £7.55 billion and a PE ratio of -85.31. The company’s fifty day moving average price is GBX 2,849.07 and its two-hundred day moving average price is GBX 2,926.67. The company has a quick ratio of 0.67, a current ratio of 0.74 and a debt-to-equity ratio of 535.70.

Severn Trent Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, July 13th. Stockholders of record on Wednesday, June 1st were issued a GBX 61.28 ($0.75) dividend. This is an increase from Severn Trent’s previous dividend of $40.86. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a dividend yield of 1.95%. Severn Trent’s payout ratio is presently -2.89%.

Insider Activity

In other Severn Trent news, insider James Bowling sold 3,975 shares of the company’s stock in a transaction dated Monday, June 20th. The shares were sold at an average price of GBX 2,796 ($34.26), for a total value of £111,141 ($136,185.52). In other news, insider James Bowling sold 3,975 shares of the business’s stock in a transaction that occurred on Monday, June 20th. The shares were sold at an average price of GBX 2,796 ($34.26), for a total value of £111,141 ($136,185.52). Also, insider Gillian Sheldon acquired 350 shares of the business’s stock in a transaction dated Thursday, July 7th. The stock was purchased at an average cost of GBX 2,792 ($34.21) per share, with a total value of £9,772 ($11,974.02).

Severn Trent Company Profile

(Get Rating)

Severn Trent Plc operates as a water and sewerage company in England and Wales. It operates in two segments, Regulated Water and Waste Water, and Business Services. The Regulated Water and Waste Water segment offers water and waste water services to approximately 4.8 million households and businesses in the Midlands and Wales.

Further Reading

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