Severn Trent (LON:SVT) Shares Up 5.7% – Time to Buy?

Shares of Severn Trent PLC (LON:SVT) were 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). Approximately 918,585 shares changed hands during trading, a decline of 67% from the average daily volume of 2,804,337 shares. The stock had previously closed at GBX 2,545 ($32.83).

Analysts Set New Price Targets

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

Severn Trent Trading Down 2.9 %

The company has a market cap 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 current ratio of 2.14, a quick ratio of 0.73 and a debt-to-equity ratio of 450.94. The business has a 50 day moving average price of GBX 2,474.02 and a 200-day moving average price of 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.