Severn Trent (LON:SVT) Stock Passes Above 200 Day Moving Average - Here's Why

Severn Trent PLC (LON:SVT - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,561.36 ($33.75) and traded as high as GBX 2,787 ($36.72). Severn Trent shares last traded at GBX 2,759 ($36.35), with a volume of 1,200,752 shares traded.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Severn Trent from GBX 2,700 ($35.57) to GBX 2,600 ($34.26) and set a "hold" rating on the stock in a report on Thursday, March 6th. JPMorgan Chase & Co. restated an "overweight" rating on shares of Severn Trent in a research report on Thursday, March 6th.

Severn Trent Trading Down 2.1%

The firm has a market cap of £7.70 billion, a P/E ratio of 43.05, a P/E/G ratio of 4.69 and a beta of 0.38. The stock has a 50 day simple moving average of GBX 2,588.20 and a 200-day simple moving average of GBX 2,559.90. The company has a current ratio of 2.14, a quick ratio of 0.73 and a debt-to-equity ratio of 450.94.

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.