Severn Trent (LON:SVT) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Key Points

• Severn Trent passed above its 200-day moving average, trading as high as GBX 3,215 and last at GBX 3,133 on heavy volume (171,118,141 shares).
• Analysts maintain a consensus "Hold" with an average price target of GBX 2,978; JPMorgan raised its target to GBX 3,225 while Deutsche Bank lowered theirs to GBX 2,950.
• The company is a major UK water utility with a market cap of £9.46 billion, a P/E of 29.99 and very high leverage (debt-to-equity ~601.64), benefitting from inflation-linked dividends and regulator-backed five-year certainty.

Severn Trent PLC (LON:SVT - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,950.54 and traded as high as GBX 3,215. Severn Trent shares last traded at GBX 3,133, with a volume of 171,118,141 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Severn Trent from GBX 2,975 to GBX 3,225 and gave the stock a "neutral" rating in a report on Monday, April 13th. Deutsche Bank Aktiengesellschaft decreased their target price on Severn Trent from GBX 3,000 to GBX 2,950 and set a "hold" rating on the stock in a report on Monday, January 19th. Six research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of GBX 2,978.17.

Severn Trent Trading Up 0.3%

The firm has a market cap of £9.46 billion, a price-to-earnings ratio of 29.99, a PEG ratio of 4.69 and a beta of 0.56. The company has a 50-day moving average price of GBX 3,135.38 and a 200 day moving average price of GBX 2,950.54. The company has a quick ratio of 0.73, a current ratio of 1.43 and a debt-to-equity ratio of 601.64.

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. The UK's regulatory model provides a high degree of certainty over five-year periods.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.