Severn Trent (LON:SVT) Reaches New 12-Month Low - Here's Why

Key Points

• Severn Trent PLC shares reached a new 52-week low at GBX 2,262 ($30.60) but last traded at GBX 2,550 ($34.50) amid a trading volume of 692,555 shares.
• Barclays raised its price target for Severn Trent from GBX 2,960 to GBX 3,385, maintaining an "equal weight" rating with the average consensus rating still at "Hold."
• Recent insider selling included 28,287 shares by Olivia Garfield and 8,067 shares by Helen Miles, totaling over £971,000, highlighting reduced insider confidence in the stock.

Severn Trent PLC (LON:SVT - Get Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 2,262 ($30.60) and last traded at GBX 2,550 ($34.50), with a volume of 692555 shares. The stock had previously closed at GBX 2,541 ($34.38).

Wall Street Analyst Weigh In

Separately, Barclays boosted their price target on shares of Severn Trent from GBX 2,960 to GBX 3,385 and gave the company an "equal weight" rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of GBX 2,992.50.

Severn Trent Trading Up 0.4%

The firm has a market cap of £7.68 billion, a P/E ratio of 3,340.31, a PEG ratio of 4.69 and a beta of 0.38. The firm's fifty day moving average is GBX 2,627.65 and its two-hundred day moving average is GBX 2,623.65. The company has a quick ratio of 0.73, a current ratio of 2.14 and a debt-to-equity ratio of 450.94.

Insiders Place Their Bets

In other news, insider Olivia (Liv) Garfield sold 28,287 shares of the business's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of GBX 2,673, for a total value of £756,111.51. Also, insider Helen Miles sold 8,067 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of GBX 2,673, for a total value of £215,630.91. In the last quarter, insiders sold 46,389 shares of company stock valued at $124,218,567. 0.32% of the stock is owned by corporate insiders.

Severn Trent Company Profile

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.

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